LAS VEGAS, August 10, 2022 /PRNewswire/ — Allegiant Journey Firm (NASDAQ: ALGT) (the “Firm,” “we,” “us,” or “our”) has commenced an providing of $500.zero million within the mixture principal quantity of Senior Secured Notes Due 2027 (the “Notes”) to buyers in a non-public providing.
Every of the Firm’s subsidiaries will assure the Notes, apart from Dustland, LLC, Sunseeker Resorts, Inc. and their subsidiaries and sure different insignificant subsidiaries. The Bonds and associated warrants can be secured by safety pursuits in considerably the entire property and property of the Firm and the Bonds’ guarantors, excluding plane, plane engines, actual property and sure different property. The assure that can assure the Bonds at present ensures the prevailing assure of the Firm. $150.zero million eight,500% Senior Secured Notes due 2024 and the Firm’s Time period Mortgage B.
The Firm will use the web proceeds from the sale of the Bonds, along with out there money, to repay the Firm’s Time period Mortgage B, which has an excellent principal quantity of $533 million.
The Notes and associated warrants haven’t been and won’t be registered beneath the Securities Act of 1933, as amended (the “Securities Act”), or the securities legal guidelines of another jurisdiction. The Notes and associated warrants are supplied and offered solely to individuals who’re moderately believed to be certified institutional purchasers beneath Rule 144A of the Securities Act (“Rule 144A”) and to sure non-U.S. individuals in transactions outdoors the US in reliance on Regulation S beneath the Securities Act.
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Las Vegasheadquartered in Allegiant (NASDAQ: ALGT) is an built-in journey firm with an airline at its coronary heart, targeted on connecting clients with the individuals, locations and experiences that matter most. Since 1999, Allegiant Air has linked small-to-medium metropolis vacationers with world-class trip locations with nonstop flights and industry-low common fares. As we speak, Allegiant’s fleet serves communities throughout the nation, with base airfares lower than half the price of the common home roundtrip ticket. For extra data, go to us at Allegiant.com. Media data, together with photographs, is obtainable at http://gofly.us/iiFa303wrtF.
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This press launch is for informational functions solely and doesn’t represent a proposal to promote or solicitation of a proposal to purchase any safety and shall not represent a proposal to promote or solicitation of a proposal to purchase or sale of any safety in any jurisdiction in contravention of the relevant regulation.
SOURCE Allegiant Journey Firm
