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Las Vegas, August 10, 2022 /PRNewswire/ – Allegiant Travel Company (NASDAQ: ALGT ) (“the Company,” “we,” “us,” or “our”) 500.0 million dollars Senior secured notes in aggregate principal amount due 2027 (the “Notes”) for a private offering to investors.
Each of the Company’s subsidiaries includes Dustland, LLC, Sunseeker Resorts, Inc. and the Systems and, except for a limited number of other subsidiaries, guarantee the Notes. The Notes and related securities are secured by security interests in the assets and property of the Company and the securities of the Notes, excluding aircraft, aircraft engines, real estate and certain other assets. The guarantee that secures the notes currently guarantees the company’s existing 150.0 million dollars 8.500% senior secured notes due 2024 and the term of the Company’s loan b.
The Company will use the net proceeds from the sale of the Notes, along with cash on hand, to repay the Company’s term loan, which has a significant amount of leverage. 533 million dollars.
The Notes and related securities have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any other jurisdiction. The Notes and related securities are being offered and sold only to persons believed to be qualified institutional buyers pursuant to Rule 144A of the Securities Act (“Rule 144A”) and to certain non-U.S. foreign transactions. America Pursuant to Regulation S of the Securities Act.
Faithful ®
Las Vegas-based Allegiant (NASDAQ: ALGT ) is an integrated travel company with airlines at its heart, focused on connecting customers to people, places and experiences. Since 1999, Allegiant Air has connected travelers from small to midsize cities to world-class vacation destinations with nonstop flights and industry-low average fares. Today, Allegiant’s fleet serves communities across the country, with departure airfares less than half the price of an average domestic round-trip ticket. For more information, visit us at Allegiant.com. Media information, including photos, is available at http://gofly.us/iiFa303wrtF.
Media Inquiries: [email protected]
Investor Questions: [email protected]
No offers or requests.
This press release is for informational purposes only and does not constitute an offer to buy or an offer to sell any securities. Any jurisdiction contrary to applicable law.
Source: Allegiant Travel Company
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