{"success":true,"data":{"pressRelease":{"id":"59527","rtpr_id":"nPn55dnJma","ticker":"ALGT","exchange":"NASDAQ","all_tickers":["ALGT"],"title":"ALLEGIANT TRAVEL COMPANY PRICES UPSIZED $650 MILLION OFFERING OF SENIOR SECURED NOTES","author":"PR Newswire","published_at":"2026-06-10T00:11:12.727Z","article_body":"ALLEGIANT TRAVEL COMPANY PRICES UPSIZED $650 MILLION OFFERING OF SENIOR SECURED NOTES\n\nPR Newswire\n\nLAS VEGAS, June 9, 2026\n\nLAS VEGAS, June 9, 2026 /PRNewswire/ -- Allegiant Travel Company (NASDAQ:\nALGT) (the \"Company,\" \"we,\" \"us,\" or \"our\") has agreed to sell $650.0 million\nin aggregate principal amount of its 7.125% Senior Secured Notes due 2031 (the\n\"Notes\") at an offering price of 99.479% of their principal amount to\ninvestors in a private offering. The size of the offering was increased by\n$150.0 million from the previously announced offering size of $500.0\nmillion.  The Notes are expected to be issued on June 24, 2026, subject to\ncustomary closing conditions.\n\nEach of the Company's subsidiaries, other than Dustland, LLC and certain other\ninsignificant subsidiaries (the \"Guarantors\"), will guarantee the Notes.  The\nNotes and the related guarantees will be secured by security interests in\nsubstantially all of the property and assets of the Company and the\nGuarantors, excluding aircraft, aircraft engines, real property and certain\nother assets (the \"Collateral\").  Some of the Collateral, other than the\nproperty and assets of Sun Country Airlines Holdings, Inc. and its\nsubsidiaries which will secure the Notes and the related guarantees, currently\nsecures the Company's existing $403.0 million 7.25% Senior Secured Notes due\n2027 (the \"Existing Notes\") as well as a currently undrawn $150.0 million\nrevolving credit facility.\n\nThe Company will use the net proceeds from the sale of the Notes to refinance\nin full the Existing Notes and all interest, costs, fees, expenses and other\namounts due and payable in respect thereof and to use the balance for general\ncorporate purposes.\n\nThe Notes and the related guarantees have not been and will not be registered\nunder the Securities Act of 1933, as amended (the \"Securities Act\"), or the\nsecurities laws of any other jurisdiction.  The Notes and the related\nguarantees are being offered and sold only to persons reasonably believed to\nbe qualified institutional buyers in reliance on Rule 144A under the\nSecurities Act and to certain non-U.S. persons in offshore transactions in\nreliance on Regulation S under the Securities Act.\n\nAllegiant – Together We Fly™\n\nLas Vegas-based Allegiant (NASDAQ: ALGT) is an integrated travel company with\nan airline at its heart, focused on connecting customers with the people,\nplaces and experiences that matter most. Through Allegiant Air and Sun Country\nAirlines, the company serves approximately 22 million annual customers across\nscheduled passenger, charter and cargo operations. Together, the airlines\noperate more than 650 routes serving nearly 175 cities throughout the United\nStates and select international destinations. Allegiant is committed to\nproviding affordable travel options, operational excellence and long-term\nvalue for customers, employees, communities and shareholders. For more\ninformation, visit Allegiant.com.\n\nMedia information, including photos, is available at\nhttp://gofly.us/iiFa303wrtF\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4708103-1&h=2696057810&u=https%3A%2F%2Furldefense.com%2Fv3%2F__http%3A%2Fgofly.us%2FiiFa303wrtF__%3B!!C5w27PKoHrrJ!5rgH3nxxc-pA9Ev-JIApuFzcU_Q1K6FAkAXc8sxxiR2Ct9cQ3_Q8MPSDM3K8wg1OfCMF2kcjba07mB-fGYVtMA%24&a=http%3A%2F%2Fgofly.us%2FiiFa303wrtF)\n\nMedia Inquiries: mediarelations@allegiantair.com\n(mailto:mediarelations@allegiantair.com)\n\nInvestor Inquiries: ir@allegiantair.com (mailto:ir@allegiantair.com)\n\nNo Offer or Solicitation\n\nThis press release is for informational purposes only and does not constitute\nan offer to sell or the solicitation of an offer to buy any securities and\nshall not constitute an offer to sell or solicitation of an offer to buy, or a\nsale of, any securities in any jurisdiction in contravention of applicable\nlaw.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/allegiant-travel-company-prices-upsized-650-million-offering-of-senior-secured-notes-302795946.html\n(https://www.prnewswire.com/news-releases/allegiant-travel-company-prices-upsized-650-million-offering-of-senior-secured-notes-302795946.html)\n\nSOURCE Allegiant Travel Company\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS765051/AllegiantLogoBlue--NoTagline-2014_Logo.jpg?id=OA2695089\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn55dnJma","title":"ALLEGIANT TRAVEL COMPANY PRICES UPSIZED $650 MILLION OFFERING OF SENIOR SECURED NOTES","author":"PR Newswire","ticker":"ALGT","created":"2026-06-10T00:11:12.727Z","tickers":["ALGT"],"exchange":"NASDAQ","article_body":"ALLEGIANT TRAVEL COMPANY PRICES UPSIZED $650 MILLION OFFERING OF SENIOR SECURED NOTES\n\nPR Newswire\n\nLAS VEGAS, June 9, 2026\n\nLAS VEGAS, June 9, 2026 /PRNewswire/ -- Allegiant Travel Company (NASDAQ:\nALGT) (the \"Company,\" \"we,\" \"us,\" or \"our\") has agreed to sell $650.0 million\nin aggregate principal amount of its 7.125% Senior Secured Notes due 2031 (the\n\"Notes\") at an offering price of 99.479% of their principal amount to\ninvestors in a private offering. The size of the offering was increased by\n$150.0 million from the previously announced offering size of $500.0\nmillion.  The Notes are expected to be issued on June 24, 2026, subject to\ncustomary closing conditions.\n\nEach of the Company's subsidiaries, other than Dustland, LLC and certain other\ninsignificant subsidiaries (the \"Guarantors\"), will guarantee the Notes.  The\nNotes and the related guarantees will be secured by security interests in\nsubstantially all of the property and assets of the Company and the\nGuarantors, excluding aircraft, aircraft engines, real property and certain\nother assets (the \"Collateral\").  Some of the Collateral, other than the\nproperty and assets of Sun Country Airlines Holdings, Inc. and its\nsubsidiaries which will secure the Notes and the related guarantees, currently\nsecures the Company's existing $403.0 million 7.25% Senior Secured Notes due\n2027 (the \"Existing Notes\") as well as a currently undrawn $150.0 million\nrevolving credit facility.\n\nThe Company will use the net proceeds from the sale of the Notes to refinance\nin full the Existing Notes and all interest, costs, fees, expenses and other\namounts due and payable in respect thereof and to use the balance for general\ncorporate purposes.\n\nThe Notes and the related guarantees have not been and will not be registered\nunder the Securities Act of 1933, as amended (the \"Securities Act\"), or the\nsecurities laws of any other jurisdiction.  The Notes and the related\nguarantees are being offered and sold only to persons reasonably believed to\nbe qualified institutional buyers in reliance on Rule 144A under the\nSecurities Act and to certain non-U.S. persons in offshore transactions in\nreliance on Regulation S under the Securities Act.\n\nAllegiant – Together We Fly™\n\nLas Vegas-based Allegiant (NASDAQ: ALGT) is an integrated travel company with\nan airline at its heart, focused on connecting customers with the people,\nplaces and experiences that matter most. Through Allegiant Air and Sun Country\nAirlines, the company serves approximately 22 million annual customers across\nscheduled passenger, charter and cargo operations. Together, the airlines\noperate more than 650 routes serving nearly 175 cities throughout the United\nStates and select international destinations. Allegiant is committed to\nproviding affordable travel options, operational excellence and long-term\nvalue for customers, employees, communities and shareholders. For more\ninformation, visit Allegiant.com.\n\nMedia information, including photos, is available at\nhttp://gofly.us/iiFa303wrtF\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4708103-1&h=2696057810&u=https%3A%2F%2Furldefense.com%2Fv3%2F__http%3A%2Fgofly.us%2FiiFa303wrtF__%3B!!C5w27PKoHrrJ!5rgH3nxxc-pA9Ev-JIApuFzcU_Q1K6FAkAXc8sxxiR2Ct9cQ3_Q8MPSDM3K8wg1OfCMF2kcjba07mB-fGYVtMA%24&a=http%3A%2F%2Fgofly.us%2FiiFa303wrtF)\n\nMedia Inquiries: mediarelations@allegiantair.com\n(mailto:mediarelations@allegiantair.com)\n\nInvestor Inquiries: ir@allegiantair.com (mailto:ir@allegiantair.com)\n\nNo Offer or Solicitation\n\nThis press release is for informational purposes only and does not constitute\nan offer to sell or the solicitation of an offer to buy any securities and\nshall not constitute an offer to sell or solicitation of an offer to buy, or a\nsale of, any securities in any jurisdiction in contravention of applicable\nlaw.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/allegiant-travel-company-prices-upsized-650-million-offering-of-senior-secured-notes-302795946.html\n(https://www.prnewswire.com/news-releases/allegiant-travel-company-prices-upsized-650-million-offering-of-senior-secured-notes-302795946.html)\n\nSOURCE Allegiant Travel Company\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS765051/AllegiantLogoBlue--NoTagline-2014_Logo.jpg?id=OA2695089\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-06-10T00:11:12.768375146Z","server_sent_at_ms":1781050272768},"received_at":"2026-06-10T00:11:12.838Z","source_url":"https://www.prnewswire.com/news-releases/allegiant-travel-company-prices-upsized-650-million-offering-of-senior-secured-notes-302795946.html"},"analysis":{"id":"48953","press_release_id":"59527","analysis_json":{"industry":{"label":"Airlines","sector":"Consumer Discretionary"},"redFlags":[],"eventType":"debt_offering","narrative":"Allegiant Travel Company priced a $650 million offering of 7.125% Senior Secured Notes due 2031 at 99.479% of par.\n\nThe offering was upsized by $150 million from the initial $500 million target, indicating strong investor demand.\n\nProceeds will primarily refinance $403 million of existing 2027 notes, with the balance used for general corporate purposes.","sentiment":"neutral","agentHooks":{"shouldPost":true,"suggestedAngle":"Allegiant upsizes debt offering to $650M to refinance 2027 notes; strong demand signals stable capital markets access."},"keyFigures":{"dealValueUsd":650000000,"customDimensions":{"maturity":"2031","coupon_rate":"7.125%","upsize_amount":150000000,"offering_price_pct":"99.479%","existing_notes_coupon":"7.25%","original_offering_size":500000000,"existing_notes_maturity":"2027","existing_notes_refinanced":403000000,"revolving_credit_facility":150000000}},"quotedText":"Allegiant Travel Company (NASDAQ: ALGT) ... has agreed to sell $650.0 million in aggregate principal amount of its 7.125% Senior Secured Notes due 2031","namedEntities":{"people":[],"products":[],"companies":[{"name":"Allegiant Travel Company","ticker":"ALGT","relationship":"issuer"},{"name":"Sun Country Airlines Holdings, Inc.","relationship":"subsidiary"},{"name":"Dustland, LLC","relationship":"subsidiary"}],"dollarAmounts":[{"amount":"$650.0 million","context":"aggregate principal amount of new Senior Secured Notes"},{"amount":"$150.0 million","context":"upsize amount from original offering"},{"amount":"$500.0 million","context":"previously announced offering size"},{"amount":"$403.0 million","context":"existing Senior Secured Notes due 2027 to be refinanced"},{"amount":"$150.0 million","context":"undrawn revolving credit facility"}]},"materialImpact":{"score":3,"reasoning":"The company priced a $650M debt offering, upsized from $500M, to refinance existing $403M notes. This is a refinancing event (paying off old debt with new debt) rather than a dilutive equity offering or a sign of distress. The upsize suggests strong investor demand, but the net incremental leverage is modest (~$247M for general corporate purposes)."},"tickerRelevance":{"others":[],"primary":"ALGT"},"globalImportance":35,"audienceRelevance":40,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap","eventGravity":"refinancing_debt","sectorWeight":"moderate","householdBrandBoost":"low","marketCapAdjustment":"neutral"}},"event_type":"debt_offering","event_type_secondary":null,"sentiment":"neutral","material_impact_score":3,"narrative":"Allegiant Travel Company priced a $650 million offering of 7.125% Senior Secured Notes due 2031 at 99.479% of par.\n\nThe offering was upsized by $150 million from the initial $500 million target, indicating strong investor demand.\n\nProceeds will primarily refinance $403 million of existing 2027 notes, with the balance used for general corporate purposes.","key_figures":{"dealValueUsd":650000000,"customDimensions":{"maturity":"2031","coupon_rate":"7.125%","upsize_amount":150000000,"offering_price_pct":"99.479%","existing_notes_coupon":"7.25%","original_offering_size":500000000,"existing_notes_maturity":"2027","existing_notes_refinanced":403000000,"revolving_credit_facility":150000000}},"named_entities":{"people":[],"products":[],"companies":[{"name":"Allegiant Travel Company","ticker":"ALGT","relationship":"issuer"},{"name":"Sun Country Airlines Holdings, Inc.","relationship":"subsidiary"},{"name":"Dustland, LLC","relationship":"subsidiary"}],"dollarAmounts":[{"amount":"$650.0 million","context":"aggregate principal amount of new Senior Secured Notes"},{"amount":"$150.0 million","context":"upsize amount from original offering"},{"amount":"$500.0 million","context":"previously announced offering size"},{"amount":"$403.0 million","context":"existing Senior Secured Notes due 2027 to be refinanced"},{"amount":"$150.0 million","context":"undrawn revolving credit facility"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-06-10T00:11:25.751Z","global_importance":35,"audience_relevance":40,"importance_components":{"tickerTier":"mid-cap","eventGravity":"refinancing_debt","sectorWeight":"moderate","householdBrandBoost":"low","marketCapAdjustment":"neutral"}},"durationMs":12881,"modelName":"george-droid-qwen-72b"}}