Le Lézard
Classified in: Tourism and vacations, Transportation
Subject: OFR

Southwest Airlines Announces Redemption Of 2.650% Notes Due 2020


DALLAS, Sept. 15, 2020 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) (the "Company") today announced that it will redeem all of its outstanding 2.650% Notes due 2020 (the "Notes"). The aggregate principal amount outstanding of the Notes is $500,000,000. The redemption price for the Notes will be equal to 100% of the principal amount thereof, plus accrued and unpaid interest, for a total payment to holders of the Notes of approximately $505,521,000 in the aggregate. The redemption of the Notes is scheduled to occur on October 5, 2020. The Company intends to fund the redemption with cash on hand. On and after the redemption date, the Notes will no longer be deemed outstanding, interest will cease to accrue thereon, and all rights of the holders of the Notes will cease, except for the right to receive the redemption price.

Wells Fargo Bank, N.A. is the trustee for the Notes and is serving as the paying agent for this transaction. Copies of the Notice of Redemption and additional information relating to the redemption of the Notes may be obtained from Wells Fargo Bank, N.A., Corporate Trust Operations, MAC N9300-070, 600 South Fourth Street, 7th Floor, Minneapolis, MN 55415, telephone: 1-800-344-5128.

About Southwest Airlines Co.
In its 50th year of service, Dallas-based Southwest Airlines Co. continues to differentiate itself from other air carriers with exemplary Customer Service delivered by more than 60,000 Employees to a Customer base topping 130 million passengers in 2019. Southwest became the nation's largest domestic air carrier in 2003 and maintains that ranking based on the U.S. Department of Transportation's most recent reporting of domestic originating passengers boarded. In peak travel seasons during 2019, Southwest operated more than 4,000 weekday departures among a network of 101 destinations in the United States and 10 additional countries. In early 2020, the carrier added service to Hilo, Hawaii, and Cozumel, Mexico for a total of 103 airports served.

SOURCE Southwest Airlines Co.


These press releases may also interest you

at 15:29
  Mullen Group Ltd. ("Mullen Group", "We", "Our" and/or the "Corporation"), one of the leading suppliers of trucking and logistics services in Canada providing a wide range of service offerings including less-than-truckload, truckload, warehousing,...

at 15:20
Tyrata, Inc., a tire sensor and data management company, has raised $2.9 million in financing from global investors. Tyrata was able to raise the funds in spite of significant COVID-19 pandemic headwinds, a confirmation of the persistent...

at 15:10
Nexteer Automotive launches High-Output Electric Power Steering (EPS) that delivers advanced safety and comfort features as well as enhanced fuel efficiency for heavy-duty (HD) trucks and light commercial vehicles (LCVs). Now with the ability to...

at 15:00
Ontario Volkswagen, a dealership in Ontario, CA, is currently promoting its OktoberBest Sales Event lease specials. Qualified drivers in the Ontario area can lease certain new Volkswagen vehicles starting from $120 per month. Ontario Volkswagen...

at 15:00
In a global initiative to enable safer air and cross-border travel, Internova Travel Group joined The Commons Project Foundation in successfully testing its CommonPass digital health pass for travelers to document their verified COVID-19 test status...

at 14:58
OTTAWA, ON, Oct. 21, 2020  The Government of Canada is committed to improving road safety and keeping Canadians safe, which is why it is increasing its investments in new road safety initiatives.  Today, the Minister of Transport, the Honourable Marc...



News published on 15 september 2020 at 06:45 and distributed by: