Southwest Airlines has priced a $300 million unsecured bond issuance.
Due in 2026, the notes carry a coupon of 3.00% with a spread of 127 basis points above the benchmark 10-year US Treasury.
The yield to maturity is 3.09% and the offering price was 99.228%.
Morgan Stanley, BNP Paribas and Barclays are the joint book-running managers for the offering.
Academy Securities, Comerica Securities and US Bancorp Investments are co-managers.
ISIN: US844741BC18