Southwest Airlines said it delivered a Notice of Change in Default Settlement Method to holders and the trustee on January 27, 2025, announcing that it will settle its 1.250% convertible senior notes due 2025 in cash.

8-KRegulation FD DisclosureFiled Jan 27, 2025Period of report Jan 27, 2025Summary published (UTC) Oct 16, 2026

Key points

AI summary

Southwest Airlines said it delivered a Notice of Change in Default Settlement Method to holders and the trustee on January 27, 2025, announcing that it will settle its 1.250% convertible senior notes due 2025 in cash.
The company said the notice was issued under Section 7.02(a)(iii) of the Supplemental Indenture, changing the Default Settlement Method to Cash Settlement.
The company said that Notes validly surrendered for conversion on or after the date of the notice will be settled in cash under the Supplemental Indenture.
Southwest Airlines issued the notice on May 1, 2020 for Notes issued under the First Supplemental Indenture, with Computershare Trust Company, N.A. serving as trustee as successor to Wells Fargo Bank, National Association.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Southwest Airlines Changes Settlement Method for 1.250% Convertible Notes Due 2025

Southwest Airlines said it delivered a Notice of Change in Default Settlement Method to holders and the trustee on January 27, 2025, announcing that it will settle its 1.250% convertible senior notes due 2025 in cash.

Source · Based on the filing body and exhibits

Default Settlement Method Changed to Cash Settlement

The company said the notice was issued under Section 7.02(a)(iii) of the Supplemental Indenture, changing the Default Settlement Method to Cash Settlement.

Source · Based on the filing body and exhibits

Cash Settlement Applies to Conversions After Notice Date

The company said that Notes validly surrendered for conversion on or after the date of the notice will be settled in cash under the Supplemental Indenture.

Source · Based on the filing body and exhibits

Governing Indenture and Trustee for Notes Covered by Notice

Southwest Airlines issued the notice on May 1, 2020 for Notes issued under the First Supplemental Indenture, with Computershare Trust Company, N.A. serving as trustee as successor to Wells Fargo Bank, National Association.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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