ALLEGIANT TRAVEL COMPANY ISSUES SENIOR SECURED NOTES
Allegiant Travel Company closed a private offering of $650 million in aggregate principal amount of 7.125% Senior Secured Notes due 2031. The company used the net proceeds to purchase $377.5 million in principal amount of its 7.25% Senior Secured Notes due 2027 and expects to redeem the remaining $25.5 million in the third quarter of 2026.
Key figures
- Deal Value Usd
- 650000000
- Coupon new
- 7.125%
- Coupon old
- 7.25%
- Rcf amount
- 150000000
- Maturity new
- 2031
- Remaining existing notes
- 25465000
- Existing notes repurchased
- 377534000
AI analysis
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