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ALLEGIANT TRAVEL COMPANY ANNOUNCES LAUNCH OF TENDER OFFER AND CONSENT SOLICITATION FOR ITS 7.250% SENIOR SECURED NOTES DUE 2027

ALGT
  • Allegiant Travel Company announced a tender offer to purchase its outstanding $403,009,000 of 7.250% Senior Secured Notes Due 2027.
  • The company is simultaneously seeking consents to amend the governing Indenture by eliminating most restrictive covenants & certain events of default.
  • Holders tendering & delivering consents by 5:00 p.m. NYC time on June 23, 2026, receive a total consideration of $1,005.00 per $1,000 principal amount.
  • The total consideration includes a $955.00 tender offer price & a $50.00 early tender premium.
  • Holders tendering after the early deadline but before 5:00 p.m. NYC time on July 9, 2026, receive only the $955.00 consideration plus accrued interest.
  • Tendering Notes is mandatory to deliver consent, & tendered Notes are deemed to include consent to the Proposed Amendments.
  • Holders may withdraw tenders & revoke consents at any time prior to the June 23, 2026 early tender deadline.
  • The company expects an initial settlement date of June 24, 2026, if an initial settlement option is exercised.
  • Purchase of tendered Notes is conditioned on the successful completion of a debt financing transaction.
  • If not purchased in the tender offer, the company may redeem all remaining Notes at 100.00% of principal plus accrued interest on August 15, 2026.
  • Barclays Capital Inc. acts as dealer-manager, while Global Bondholder Services Corporation serves as the information & tender agent.
  • The Supplemental Indenture will become effective upon the initial or final settlement date, provided holders of at least a majority in principal amount consent to the amendments.