---
schema_version: "secwatch.filing_event.v1"
accession: "0000766421-24-000075"
form_type: "8-K"
ticker: "ALK"
cik: "0000766421"
company_name: "ALASKA AIR GROUP, INC."
filed_at: "2024-10-15T23:59:59+00:00"
generated_at: "2026-05-30T15:03:11.793835+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Alaska Air issues $1.25B senior secured notes and $750M term loan backed by Mileage Plan; retires Hawaiian debt

## Summary
- Issued $625M 5.021% Senior Secured Notes due 2029 and $625M 5.308% Senior Secured Notes due 2031, secured by Mileage Plan collateral.
- Entered $750M senior secured term loan facility (New Term Loan Facility) on pari passu basis with the notes; fully drawn.
- Satisfied and discharged Hawaiian 5.750% 2026 and 11.000% 2029 senior secured notes by depositing sufficient funds for redemption.
- Intends to prepay approximately $513.2M of existing Hawaiian Airlines debt, expected completion in October 2024.
- HawaiianMiles assets not initially included in collateral; Hawaiian Holdings entities do not guarantee the notes.

## SEC filing metadata
- accession: 0000766421-24-000075
- form_type: 8-K
- ticker: ALK
- cik: 0000766421
- company_name: ALASKA AIR GROUP, INC.
- filed_at: 2024-10-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/766421/000076642124000075/0000766421-24-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/766421/000076642124000075/alk-20241015.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000766421-24-000075
- JSON: https://secwatch.observer/filing/0000766421-24-000075.json
- Plain text: https://secwatch.observer/filing/0000766421-24-000075.txt

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