Alaska Air Group prices $2B in loyalty-secured financings; to redeem $991M of Hawaiian debt

ALASKA AIR GROUP, INC.

Priced $1.25B senior secured notes: $625M at 5.021% due 2029, $625M at 5.308% due 2031.
Also priced $750M senior secured Term Loan B due 2031; total financings $2B.
Upsized notes from originally announced $750M to $1.25B aggregate principal.
Proceeds will redeem Hawaiian's $984.9M of 11.000% notes due 2029 and $6.3M of 5.750% notes due 2026.
Expected closing October 15, 2024; secured by Alaska Airlines Mileage Plan collateral.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.