Allegiant closes spare engine financing

Darren Wood
By Darren Wood June 25, 2019 11:59

Allegiant closes spare engine financing

Allegiant Travel has closed a new $43.4 million spare engines financing. Credit Agricole-CIB acted as arranger. The company said in a filing that the borrowing bears interest at a variable rate and will be payable in quarterly instalments with a final balloon payment due in September 2026. The proceeds from the loan will be used for general corporate purposes.

Darren Wood
By Darren Wood June 25, 2019 11:59