Southwest Airlines Announces Offering of Notes

Southwest Airlines Co. (LUV) (NYSE: LUV) (the "Company") today announced that it has commenced an underwritten public offering of two series of senior notes (collectively, the "Notes"), with expected maturities in 2023 and 2025.

The Company expects to use the net proceeds from the offering to repay a portion of the outstanding borrowings under its Amended and Restated 364-Day Credit Agreement.