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ALLEGIANT TRAVEL COMPANY ISSUES SENIOR SECURED NOTES
The notes were sold in a private offering and are secured by substantially all company assets, excluding aircraft and certain other property.
- On Wednesday, June 24, 2026, Allegiant Travel Company announced it issued $650.0 million in 7.125% Senior Secured Notes due 2031 upon closing its previously announced private offering.
- Allegiant used the note proceeds to purchase $377,534,000 of its 7.25% Senior Secured Notes due 2027, with expectations to redeem the remaining $25,465,000 in third quarter 2026.
- The new notes and related guarantees are secured by substantially all company assets, excluding aircraft and real property, which also supports Allegiant's undrawn $150.0 million Revolving Credit and Guaranty Agreement dated August 17, 2022.
- Through Allegiant and Sun Country Airlines, the company serves approximately 22 million annual customers, operating more than 650 routes serving nearly 175 cities throughout the United States.
- Allegiant will allocate remaining net proceeds for general corporate purposes, following an offering restricted to qualified institutional buyers under the Securities Act of 1933.
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ALLEGIANT TRAVEL COMPANY ISSUES SENIOR SECURED NOTES
LAS VEGAS, June 24, 2026 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) (the "Company," "we," "us," or "our") announced today that it issued $650.0 million in aggregate principal amount of its 7.125% Senior Secured Notes due 2031 (the "Notes") upon…
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Total News Sources14
Leaning Left2Leaning Right1Center7Last UpdatedBias Distribution70% Center
Bias Distribution
- 70% of the sources are Center
70% Center
L 20%
C 70%
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