Loan & DebtJun 10, 2026, 06:07 AM
Allegiant Prices Upsized $650M Senior Secured Notes at 7.125%
AI Summary
Allegiant Travel Company announced the pricing of an upsized private offering of $650.0 million in 7.125% Senior Secured Notes due 2031. The offering size was increased by $150.0 million from the previously announced $500.0 million. The net proceeds will be used to fully refinance the existing $403.0 million 7.25% Senior Secured Notes due 2027 and for general corporate purposes. The Notes are expected to be issued on June 24, 2026.
Key Highlights
- Allegiant priced $650.0 million in 7.125% Senior Secured Notes due 2031.
- The offering size was upsized by $150.0 million from $500.0 million.
- Notes were priced at 99.479% of their principal amount.
- Proceeds will refinance $403.0 million of existing 7.25% Senior Secured Notes due 2027.
- The remaining proceeds will be used for general corporate purposes.
- Notes are secured by substantially all company assets, excluding aircraft and real property.
- Expected issuance date is June 24, 2026.
Price Impact
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