Allegiant Travel Company launched $300 million senior note offering

Eleanor Steed
By Eleanor Steed September 14, 2016 14:28

Allegiant Travel Company launched $300 million senior note offering

Allegiant Travel Company has announced the proposed offering of $300 million aggregate principal amount of senior notes due 2023. The interest rate, maturity and other terms of the notes will be determined at pricing. The public offering will be made pursuant to an effective shelf registration statement previously filed with the U.S. Securities and Exchange Commission on June 13, 2014.

allegiant-a320ceo

Allegiant A320ceo

The notes being offered will be general unsecured senior obligations of the company, guaranteed by all of Allegiant’s wholly-owned domestic subsidiaries, and will rank equal in right of payment with all existing or future senior unsecured indebtedness of the company and each guarantor.

Allegiant intends to use the net proceeds for general corporate purposes including financing of capital expenditures such as aircraft acquisitions, pre-delivery deposits, purchase prices of twelve newly manufactured CFM powered A320 aircraft expected to be delivered in 2017 and 2018, share repurchases or repayment of indebtedness.

Eleanor Steed
By Eleanor Steed September 14, 2016 14:28