Southwest Airlines entered into a new $1 billion five-year revolving credit facility agreement with a syndicate of lenders led by JPMorgan Chase and Citibank as co-administrative agents. The credit agreement has an accordion feature that would allow the company to increase size of facility to $1.5 billion.

According to a related 8-K filing, Barclays Bank served as syndication agent while Bank of America, BNP Paribas, Goldman Sachs USA, Morgan Stanley Senior Funding, U.S. Bank and Wells Fargo served as documentation agents. Citigroup Global Markets and JPMorgan Chase served as joint lead arrangers and joint bookrunners.

The new agreement terminated a revolving credit facility dated April 2, 2013 with a syndicate of banks that included Citibank and JPMorgan Chase.