(Bloomberg) — Southwest Airlines Co. raised about $4 billion by selling shares and convertible notes, stepping up a push to add liquidity as the coronavirus pandemic all but erases demand for flights.The carrier sold 70 million shares at $28.50 apiece and $2 billion of convertible notes due in 2025, according to a statement. Southwest increased both the stock and bond portion of the sale from what it had previously targeted.Southwest is following United Airlines Holdings Inc. in offering equity amid the biggest crisis in the industry’s history, as carriers rush to raise funds even after receiving billions of dollars in …read more
Source:: Yahoo Finance
