On September 30, 2020, Southwest Airlines received additional Payroll Support from the US Treasury in the amount of $94.345 million for which it issued the Treasury with a warrant to purchase up to 77,607 shares of the company’s common stock. After taking into account the additional PSP Support, Southwest has received $3.354bn of payroll support, for which the company has provided Treasury with a Note in the aggregate amount of $976,057,936 and warrants to purchase up to 2,676,331 shares of the company’s common stock.
Southwest details new Treasury loan
