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US’s Southwest enters into $2bn credit agreement
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US’s Southwest enters into $2bn credit agreement
Southwest Airlines (WN, Dallas Love Field) has entered into a new USD2 billion revolving credit agreement with JPMorgan Chase Bank and Citibank acting as co-administrative agents. The deal, which matures in August 2031, has an uncommitted accordion feature that would allow the carrier to increase the size of the facility to USD3 billion. The proceeds of the loans will be used for working capital and general corporate purposes, including acquisit…
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