On June 3, 2021, Southwest Airlines received the second disbursement of Payroll Support in the amount of $926,393,064, for which the company provided the US Treasury with $277,917,919 notes and a Warrant to purchase up to 474,992 shares of the company’s common stock. After taking into account this second installment of Payroll Support, Southwest has received the full $1,852,786,128 of expected Payroll Support under the ARP, for which it has provided Treasury with a Note in the aggregate amount of $525,835,838 and Warrants to purchase up to 898,711 shares of the Company’s common stock.

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In