Southwest Airlines to Raise $2.6 Billion in Equity and New Debt
Southwest Airlines (NYSE: LUV) announced plans to sell about $1.6 billion worth of its common stock and raise $1 billion in convertible senior notes, boosting liquidity as the airline grapples with the COVID-19 pandemic.
The airline is offering of 55 million shares for sale, with the underwriters holding an option to purchase up to 8.25 million additional shares.
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Source Fool.com
