Recent Updates — ALGT
Allegiant Travel Company entered into two new credit facilities on July 24 and July 27, 2026. The first is a $177.5 million facility secured by Airbus aircraft for general corporate purposes, with quarterly amortizing payments starting in July 2027 over five to six years. The second amends an existing PDP Facility Agreement with Runway Seven Lender LLC, providing up to $231,028,700 to finance pre-delivery payments for Boeing aircraft, maturing March 31, 2028. Additionally, the company borrowed $132.0 million under a previously reported $176.0 million facility secured by Boeing 737-MAX aircraft, which is now fully drawn to finance recent deliveries. Allegiant Travel Company operates in the airline industry, providing low-cost leisure travel services.
Following the May 13, 2026, acquisition of Sun Country Airlines, Allegiant Travel Company expects second quarter 2026 adjusted earnings per share to be at least $1.25. This updated outlook exceeds the previous standalone Allegiant Air guidance of an adjusted loss per share of approximately $0.50. The improved outlook is attributed to strong demand and lower fuel costs in June. Allegiant Travel Company is an airline provider of leisure-focused travel services.
Allegiant Travel Company issued $650.0 million in 7.125% Senior Secured Notes due 2031, using a portion of the proceeds to repurchase $377,534,000 of its 7.25% Senior Secured Notes due 2027 via a tender offer. The company also amended its existing notes indenture and its revolving credit agreement to align with the new debt issuance. Allegiant Travel Company is an airline operating in the travel and transportation industry.
Allegiant Travel Company announced on June 9, 2026, that it has agreed to sell $650.0 million in aggregate principal amount of 7.125% Senior Secured Notes due 2031 via a private offering. The offering price is 99.479% of the principal amount. This represents a $150.0 million increase from the previously announced offering size of $500.0 million. The notes are expected to be issued on June 24, 2026, subject to customary closing conditions. Allegiant Travel Company is an airline provider operating in the travel and transportation industry.
Allegiant Travel Company completed several aircraft financing transactions in April and May 2026, including a $25.1 million drawdown of a predelivery deposit financing facility, $115.0 million borrowed under an aircraft secured credit facility, and a new $176.0 million aircraft financing facility with $44.0 million drawn. Additionally, on June 9, 2026, the company commenced a $500.0 million senior secured notes offering of principal amount due Apply to the following: 2031 and a cash tender offer to purchase up to all of its outstanding $403.0 million in aggregate principal amount of 7.25% senior secured notes due 2027. Allegiant Travel Company is an airline operating in the travel and transportation industry.