Southwest Airlines ups secured term loan facility by $1 billion to $1.5 billion
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Southwest Airlines has increased its secured term loan facility from $500 million to $1.5 billion through an agreement with lenders led by BNP Paribas. The amendment adds $1 billion in incremental loans and allows for up to $1 billion in additional commitments over time. The loans mature on March 11, 2029, and are secured by aircraft and related assets, with a minimum collateral coverage ratio requirement.
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