Southwest Airlines has priced its $1.5bn senior notes offering on Monday (October 27).
The offering consists of $750 million 4.375% notes due 2028 and $750 million 5.250% notes due 2035.
Net proceeds from the offering for general corporate purposes, which can include repayment or redemption of indebtedness or other corporate obligations. The offering is expected to close on or about November 3, 2025.
BofA Securities, Citigroup Global Markets, Goldman Sachs, and Morgan Stanley are acting as joint book-running managers for the offering.
Comerica Securities is acting as co-manager for the offering.
In other news, the airline has entered an interline agreement with Hahnair to expand its global ticketing reach.
The agreement provides ticketing access to 100,000 travel agencies in 190 markets outside the US, expanding the consumer distribution reach of the airline beyond the US marketplace.
"This partnership is particularly helpful for people visiting the United States who need to move about the country and now can more effortlessly consider our unmatched domestic network," said Southwest chief operating officer Andrew Watterson. "Our partnership with Hahnair allows for the sale of Southwest tickets in geographies where we don't fly today, in local currencies."