---
schema_version: "secwatch.filing_event.v1"
accession: "0000766421-24-000069"
form_type: "8-K"
ticker: "ALK"
cik: "0000766421"
company_name: "ALASKA AIR GROUP, INC."
filed_at: "2024-09-30T23:59:59+00:00"
generated_at: "2026-05-31T01:00:36.417423+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Alaska Air launches loyalty-backed notes offering to refinance Hawaiian debt; pro forma net loss $137M

## Summary
- Launched private offering of senior secured notes due 2029 and 2031 by AS Mileage Plan IP Ltd., secured by Mileage Plan collateral.
- Proceeds together with new Term Loan B due 2031 will redeem Hawaiian's 11.000% notes due 2029 and 5.750% notes due 2026.
- Unaudited pro forma combined net loss of $137M for six months ended June 30, 2024 and $111M for year ended December 31, 2023.
- Merger with Hawaiian closed on September 18, 2024; cash consideration of $18 per share totaling $936M for 52M shares.
- Intercompany loan from proceeds will support Alaska Airlines' liquidity and general corporate purposes.

## SEC filing metadata
- accession: 0000766421-24-000069
- form_type: 8-K
- ticker: ALK
- cik: 0000766421
- company_name: ALASKA AIR GROUP, INC.
- filed_at: 2024-09-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/766421/000076642124000069/0000766421-24-000069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/766421/000076642124000069/alk-20240930.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000766421-24-000069
- JSON: https://secwatch.observer/filing/0000766421-24-000069.json
- Plain text: https://secwatch.observer/filing/0000766421-24-000069.txt

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