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Southwest Line on Credit?

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OurMoney1

Well-known member
Joined
May 4, 2008
Posts
450
You boys throwing another party? Dont forget to go heavy on the Wild Turkey, Grandpa says he's almost out, HEW-HAW....here they go again!!!

SWA Obtains $1 Billion Revolving Credit

http://aviationblog.dallasnews.com/...ins-1-billion-revolving-credit-facility.html/

Southwest Airlines said Thursday it has obtained a $1 billion revolving credit facility ? money to called upon if ever needed ? and cancelled an existing $800 million line of credit.

The new line of credit was ?with a syndicate of lenders.? Citibank, N.A. and JPMorgan Chase Bank, N.A., are acting as co-administrative agents, and Citibank, N.A. is acting as paying agent, Southwest said.

The previous revolving credit facility had been obtained on April 28, 2011, and was good through April 28, 2016. It replaced a $600 million credit facility that would have expired in October 2012.

Southwest listed ?Morgan Stanley Senior Funding, Inc., as Syndication Agent, Bank of America, N.A., Barclays Bank PLC, Deutsche Bank Securities Inc., Goldman Sachs Bank USA, and Wells Fargo Bank, N.A., as Documentation Agents, Citibank, N.A. and JPMorgan Chase Bank, N.A., as Co-Administrative Agents, and Citibank, N.A., as Paying Agent.?
 
The loan rates right now are close to zero, so they just traded one 800 million dollar note for a cheaper 1 billion dollar note. SW isn't just the only one manuevering for cheap cash.
 
It's Obama Bucks, every penny will be worthless soon anyway, might as well go into as much debt as fast as you can.
 
It's Obama Bucks, every penny will be worthless soon anyway, might as well go into as much debt as fast as you can.

Just look at the latest Obumba budget proposal that wants to limit the amount you can have in an IRA. I'll bet 401k's will be next. The Dumbos are going to make us a Socialist country.
 
I'm not sure what's up, but SWAPA and a lot of other departments have recently signed non-disclosure agreements. Something is up at the puzzle palace, but what that is will only be revealed when it shows up in the local paper.
 
I'm not sure what's up, but SWAPA and a lot of other departments have recently signed non-disclosure agreements. Something is up at the puzzle palace, but what that is will only be revealed when it shows up in the local paper.

Paris air show is in June. Manufactures like to make order announcements at the show. Just saying.
 

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