---
schema_version: "secwatch.filing_event.v1"
accession: "0000766421-24-000066"
form_type: "8-K"
ticker: "ALK"
cik: "0000766421"
company_name: "ALASKA AIR GROUP, INC."
filed_at: "2024-09-24T23:59:59+00:00"
generated_at: "2026-05-31T02:12:42.527395+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Alaska Air proposes $1.5B Mileage Plan financing, completes Hawaiian merger

## Summary
- Launched $1.5B senior secured term loan facility and additional debt backed by Mileage Plan program.
- Proceeds will redeem certain Hawaiian debt (including $985M 11.000% notes due 2029) and for general corporate purposes.
- Entered new $850M revolving credit facility (expandable to $1.25B) maturing Sept 2029; no draws yet.
- Completed merger with Hawaiian Airlines on Sept 18, assuming $6.3M 2026 Notes and $984.9M 2029 Notes.
- New credit facility secured by route authorities, slots, aircraft, and other collateral; releases upon investment-grade rating.

## SEC filing metadata
- accession: 0000766421-24-000066
- form_type: 8-K
- ticker: ALK
- cik: 0000766421
- company_name: ALASKA AIR GROUP, INC.
- filed_at: 2024-09-24T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/766421/000076642124000066/0000766421-24-000066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/766421/000076642124000066/alk-20240924.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000766421-24-000066
- JSON: https://secwatch.observer/filing/0000766421-24-000066.json
- Plain text: https://secwatch.observer/filing/0000766421-24-000066.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.