Allegiant Travel Company has entered into an amended revolving credit agreement with Barclays and Deutsche Bank.
Under the agreement, signed on December 2, the facility now allows for borrowings of up to $150 million and the maturity date has been extended until December 2030.
An earlier maturity in May 2027 could apply, depending on the status of Allegiant’s senior secured notes due 2027.
The amendment adds Deutsche Bank as a lender with a commitment of $50 million, and reflects the commitment of Barclays, the existing lender, at $100 million. Barclays is the administrative agent of the agreement.
The amended facility is guaranteed by the same subsidiaries, secured by the same corporate assets, and subject to “substantially the same” covenants as Allegiant's senior secured notes.
In an SEC filing dated December 5, Allegiant said the amended credit agreement remains “undrawn at this time”.
The original revolving credit agreement with Barclays was signed in August 2022.
In its Q3 2025 earnings, Allegiant reported an adjusted net loss of $37.7 million, but raised its airline-only earnings per share (EPS) guidance for the full year.
The carrier’s “seasonally weakest” quarter of the year saw “steady booking improvements” but delivered an operating loss that was worse than analysts' expectations.
Total revenue was almost unchanged at $561.9 million — a miss against a forecasted $576.47 million.
Allegiant’s total available liquidity at the end of the third quarter was $1.2bn, which included $991.2 million in cash and investments and $175 million in undrawn revolving credit facilities.