This content is restricted to site members.
If you are an existing user, please login below.New users may register below.
Southwest unsecured bond
On November 6, 2014, Southwest Airlines completed the public offering of $300m aggregate principal amount of its 2.750% notes due 2019. JPMorgan and Morgan Stanley we co-leads on the deal. Price talk was set at 5yr T + 140bp, but the deal launched with formal price guidance of 120bp +/- 5bp, formally priced at 115bp. The notes are now trading at 106bp. The issuance was heavily oversubscribed and the deal demonstrates the strength of the market to others considering tapping the capital markets on a secured or unsecured basis.
New users may register below.
New users may register below.
