newsfilter
← Latest News
PR Newswire·

ALLEGIANT TRAVEL COMPANY PRICES UPSIZED $650 MILLION OFFERING OF SENIOR SECURED NOTES

ALGT
  • Allegiant Travel Company agreed to sell $650.0 million in aggregate principal amount of 7.125% Senior Secured Notes due 2031 in a private offering.
  • The offering price is set at 99.479% of the principal amount, representing a $150.0 million increase from the previously announced size of $500.0 million.
  • The Notes are expected to be issued on June 24, 2026, subject to customary closing conditions.
  • Subsidiaries of the Company, excluding Dustland, LLC & certain other insignificant entities, will guarantee the Notes.
  • The Notes & guarantees are secured by security interests in substantially all property & assets of the Company & Guarantors, excluding aircraft, aircraft engines, real property, & certain other assets.
  • Proceeds from the sale will be used to fully refinance the existing $403.0 million 7.25% Senior Secured Notes due 2027 & to cover related interest, costs, fees, & expenses.
  • Remaining net proceeds will be utilized for general corporate purposes.
  • The Notes & guarantees are unregistered under the Securities Act of 1933 & are being offered only to qualified institutional buyers under Rule 144A & to certain non-U.S. persons under Regulation S.
  • Allegiant operates Allegiant Air & Sun Country Airlines, serving approximately 22 million annual customers across over 650 routes.