Loan & DebtJul 30, 2026, 05:03 PM
Allegiant Secures $231M PDP Facility, $177.5M Credit, Draws $132M
AI Summary
Allegiant Travel Company secured a $231 million PDP Facility with Runway Seven Lender LLC to finance pre-delivery payments for Boeing aircraft, maturing March 31, 2028. Additionally, the company entered into a new credit facility for up to $177.5 million, secured by Airbus aircraft, for general corporate purposes. Allegiant also borrowed $132.0 million, fully drawing a previously reported $176.0 million credit facility, with proceeds used for Boeing 737-MAX aircraft deliveries.
Key Highlights
- Secured $231,028,700 PDP Facility for Boeing aircraft pre-delivery payments.
- PDP Facility matures March 31, 2028, and is currently undrawn.
- Entered new credit facility for up to $177.5 million, secured by Airbus aircraft.
- New $177.5 million facility proceeds for general corporate purposes, currently undrawn.
- Borrowed $132.0 million, fully drawing a $176.0 million credit facility.
- $132.0 million loan proceeds used to finance Boeing 737-MAX aircraft deliveries.
Price Impact
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