Southwest Airlines has raised $330 million through a financing facility secured by 14 Boeing 737-700s. Joint arrangers on the financing include: LBBW, NordLB, ICBC, Citi, Deutsche Bank, Helaba and CIC. Pricing is rumoured to be around the 350 basis points mark.
At the end of the first quarter, Southwest had approximately $340 million in funding commitments for firm aircraft orders remaining in 2009. That figure increases to $344 million in 2010, $446 million in 2011 and then jumps to $562 million in 2012.
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Source: Commercial Aviation Online
