ALLEGIANT TRAVEL COMPANY ANNOUNCES EARLY TENDER RESULTS AND RECEIPT OF CONSENTS FROM THE HOLDERS OF A MAJORITY OF THE OUTSTANDING PRINCIPAL AMOUNT OF ITS 7.250% SENIOR SECURED NOTES DUE 2027
Allegiant Travel Company received valid tenders for $377.5 million of its 7.250% Senior Secured Notes due 2027, representing approximately 94% of the outstanding principal amount. Holders representing a majority of the notes consented to amendments that eliminate most restrictive covenants and reduce the redemption notice period to three business days, enhancing the company's operational flexibility.
Key figures
- Deal Value Usd
- 377534000
- Notes outstanding
- $403,009,000
- Early tender premium
- $50.00
- Consents received pct
- 93.68%
- Redemption notice days
- 3
- Tender offer consideration
- $955.00
- Total consideration per 1000
- $1,005.00
AI analysis
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