On August 2, 2022, Allegiant Travel Company, through a wholly owned subsidiary, entered into a new senior secured revolving credit facility under which it will be able to borrow up to $100.0 million based on the value of aircraft and engines which the company may choose to place in the collateral pool. The facility has a term of 24 months and any aircraft and engine may remain in the facility for the duration of the term, subject to certain concentration limits and asset age restrictions. Any notes under the facility will bear interest at a floating rate based on SOFR.
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