Southwest Airlines 1996 Annual Report Download - page 38

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38
4. LONG-TERM DEBT
(in thousands)
1996 1995
9 1/4% Notes due 1998 $ 100,000 $ 100,000
9.4% Notes due 2001 100,000 100,000
8 3/4% Notes due 2003 100,000 100,000
7 7/8% Notes due 2007 100,000 100,000
8% Notes due 2005 100,000 100,000
Capital leases (Note 5) 165,610 177,696
Other 10 430
665,620 678,126
Less current maturities 12,327 13,516
Less debt discount 3,067 3,600
$ 650,226 $661,010
On March 7, 1995, the Company issued $100 million of senior unsecured 8% Notes due
March 1, 2005. Interest is payable semi-annually on March 1 and September 1. The Notes are
not redeemable prior to maturity.
On September 9, 1992, the Company issued $100 million of senior unsecured 7 7/8%
Notes due September 1, 2007. Interest is payable semi-annually on March 1 and September 1.
The Notes are not redeemable prior to maturity.
During 1991, the Company issued $100 million of senior unsecured
9 1/4% Notes, $100 million of senior unsecured 9.4% Notes, and $100 million of senior
unsecured 8 3/4% Notes due February 15, 1998, July 1, 2001, and October 15, 2003,
respectively. Interest on the Notes is payable semi-annually. The Notes are not redeemable prior
to maturity.