---
title: "Southwest Airlines enters new $2 billion five-year revolving credit facility with JPMorgan, Citibank agents"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295704327.md"
description: "Southwest Airlines has entered into a new $2 billion, five-year revolving credit facility with JPMorgan Chase and Citibank as co-administrative agents. This agreement, effective August 10, 2026, replaces the previous facility terminated on the same date. The new facility matures on August 10, 2031, includes an uncommitted accordion option to increase capacity to $3 billion, and imposes specific collateral coverage tests and covenants."
datetime: "2026-08-12T20:15:55.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295704327.md)
  - [en](https://longbridge.com/en/news/295704327.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295704327.md)
generator: "portal-rs"
---

# Southwest Airlines enters new $2 billion five-year revolving credit facility with JPMorgan, Citibank agents

-   Southwest entered a new USD 2 billion five-year revolving credit facility on Aug. 10, 2026. \* JPMorgan Chase Bank, N.A. and Citibank, N.A. serve as co-administrative agents; JPMorgan also acts as paying agent. \* The deal replaces a 2016 revolving credit facility, which was terminated on Aug. 10, 2026 and was due to expire Aug. 4, 2028. \* An uncommitted accordion could lift total capacity to USD 3 billion, subject to incremental lender commitments. \* Matures Aug. 10, 2031; includes a 1.25x collateral coverage test and a minimum 1.25-to-1 coverage ratio covenant. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Southwest Airlines Co. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000092380-26-000098), on August 12, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**