Southwest completes $1.25 billion notes offering in 2029 and 2031 maturities

Southwest Airlines closed a $1,250,000,000 debt sale, made up of $600,000,000 of 5.750% notes due 2029 and $650,000,000 of 6.000% notes due 2031. The notes were issued under the carrier's existing indenture with U.S. Bank Trust Company as trustee and sold off its shelf registration. The offering adds a direct financial obligation with coupons fixed through the two maturities.