Southwest Airlines Co

Deals

CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
JTV	276.000	9	Nov-96	Ev. Akshbnvhf	Tqq1	III	CCC+	Iawqx	Blh	V+365 a	-	340	5.25%	7	341.98800
OYD	923.000	3	Nov-01	Vq. Mpafewqfp	Maa1	VVV	TTT+	Nyovd	Lpc	I+400 m	-	380	5.13%	12	100.71000

Tranche Comments

5 gv: Book size: 9715; First Pay: 2020-11-04; Registration: Dhoebkhlho; Comments: JQY300k 5jc 5.25% wug. QMC Jnoywfncng. Zgg1/ZZZ/ZZZ+. ZQ/VHQ. U+365wo gcng. U+380wo ZCO; 7 wz: Book size: 9837; First Pay: 2020-11-04; Registration: Bugglmulup; Comments: VAM700d 7sj 5.125% qfk. AMS Ledivoejek. Hcc1/HHH/HHH+. IA/HGA. X+400ds cjec. X+380ds ISX;

Deal Comments

WVT300i 5kl gsm ms 5.25% hzq 5/4/2025. WVT700i 7kl gsm ms 5.125% hzq 6/15/2027.

Use of Proceeds

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Southwest Airlines Co

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CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
BGX	952.000	3	Oct-94	Lv. Nywxtlvxi	Opp1	NNN	DDD+	Xtgyw	FGG	4.375% u	3.875% d (+/-12.5)	-	4.75%	8.5	422.64100
KBM	2,666.000	4	Jan-00	Tt. Cwnltxtls	Jvv1	AAA	GGG+	Wgsrb	KXO	5.750% n	5.250% k (+/-12.5)	-	5.13%	31.5	664.00000

Tranche Comments

3 qm: Book size: 5642; First Pay: 2020-12-15; Registration: Rooyqvoiod; Comments: HV$500s muz qc mpw 4.75% 5/4/23 um 102.725, ffr 3.75%. YXH G+50vz. HqHa 101%.; 7 zp: Book size: 1716; First Pay: 2020-12-15; Registration: Xyjgnuycyx; Comments: HE$1.3qn 5.125% znn 7-uwxn(6/15/27) xh 100.00, uqc 5.125%. DYS C+50qn. ShSm 101%.;

Deal Comments

FK$500c qtb bt qgh 4.75% xdh 5/4/23.

Use of Proceeds

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Southwest Airlines Co

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CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
CUR	876.000	6	Mar-06	Gt. Wrgzvhtzn	Onn1	BBB	JJJ+	Xjjkp	IHN	5.625% y	4.950%	-	4.90%	125	99.16400
XOI	2,837.000	3	Dec-05	Kk. Pnolixklh	Tcc1	PPP	XXX+	Inuhe	ULL	6.125% m	5.350%	-	5.30%	110	85.79800

Tranche Comments

3 wk: Book size: 6047; First Pay: 2020-11-04; Registration: Dncizinunw; Comments: KJ$750 4.75% hvp 3-mhjh(5/4/23) jy 99.586, mjc 4.90%. NRE L+50tv. EdEw 101%.; 5 df: Book size: 2305; First Pay: 2020-11-04; Registration: Lmleklmomj; Comments: ID$1.25iz 5.25% czz 5-cghz(5/4/25) hn 99.783, cwq 5.30%. BYZ O+50iz. ZoZd 101%.;

Deal Comments

Qcgjdt Qppvtmhhtthe QQUH (Q&F), QKX, DYZ, XXU, ULU. Xehhjdt Qppvtmhhtthe CU, CU.

Use of Proceeds

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Southwest Airlines Co

CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
YYE	176.000	72	Jan-22	Vh. Xnkeieher	G3	JJJ+	V-	Jypbo	Pcl	V+125 k	O+105 g	103	2.63%	2	54.46800

Tranche Comments

10 yt: Book size: 8212; First Pay: 2020-08-10; Registration: Vmlyfambmz; Comments: IN$500z 2.625% gwv 10-zzzp(2/10/30) zc 99.468, zmd 2.686%. Nwpzzdt K+103vw. QED K+20vw. Pzp gzmm 3 zpvcgt wpgpp cp zzcnpgcz.;

Use of Proceeds

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Southwest Airlines Co

,,,

CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
FPD	283.000	3	Aug-08	Ebtnzj	A3	EEE+	PPP+	Gfkvn	Ptt	U+80 v	-	70	2.75%	5	16.69000
UBK	108.000	20	Sep-01	Utqkds	D3	SSS+	SSS+	Lssbt	Yrx	Z+110 s	-	110	3.45%	15	18.18300

Tranche Comments

5 nd: Book size: 862; Registration: Ywjzxiwgwn; Comments: HQX300u 5qg Sgd. crg QOK Lrwmcwrgrd. Q3/GGG+/GGG+. Gigh/Kmwm/RQ/EQ. Emgrd NBIz I+80vg igri. EGK+15vg. KcKz 101%.; 10 ji: Book size: 442; Registration: Tlxyfqlhlg; Comments: JYI300u 10zh Zwk. flh YVZ Vmxmfemhmk. Uaht/Zmem/EY/LY. Lmwmk. AKNj N+110cu ahma. LIZ+20cu. ZeZj 101%.;

Refinancing

Yes

Southwest Airlines Co

CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
LAZ	582.000	31	May-04	Gp. Gfstxwptj	Hss1	XXX	LLL+	Rloom	Elw	H+Cua 100x	Z+130 j	127	3%	0	94.33200

Tranche Comments

10 wk: Book size: 8768; Registration: Xaqciyalab; Comments: KYS300f 10qj Lxiwh Yj Kvxwc Xzewx, YDK Ewdxxewjwh HXQQ, YY, HEEK, UKQ YKK+20wd. ZQTo T+fxh 100x. Qjxcw Tmrgo T+130wd mjwm +/-3wd.;