ALASKA AIR GROUP, INC. (ALK): debt financing — Alaska Air reprices loyalty term loan; rate set at SOFR + 1.75%

ALASKA AIR GROUP, INC.

First Amendment to $1.75B Loyalty Term Loan Facility dated Oct 2024; signed Aug 6, 2025.
Loans reprice to Term SOFR (0% floor) + 1.75% margin, or ABR (1% floor) + 0.75%.
Borrower: AS Mileage Plan IP, Ltd.; guarantors: Alaska Airlines, AS Mileage Plan Holdings, and Alaska Air Group.
Bank of America acts as replacement lender and administrative agent.
Repricing likely reduces interest expense; prior margin not disclosed.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 1.0

ALASKA AIR GROUP, INC. amended term loan with Bank of America, N.A., as administrative agent at Term SOFR plus an applicable margin of 1.75%.

Instrument: term loan
Counterparty: Bank of America, N.A., as administrative agent
Rate: Term SOFR plus an applicable margin of 1.75%
Event: amendment

Exact text from the filing

The Amendment provides, among other things, for a repricing of the loans under the Loyalty Term Loan Facility. Pursuant to the Amendment, such loans will bear interest at a variable rate equal to Term SOFR (as defined in the Loyalty Term Loan Facility), subject to a floor of zero, plus an applicable margin of 1.75%

View on SEC.gov

Browse all debt financings →

ALASKA AIR GROUP, INC. filing history →

Source: SEC EDGAR

accession 0000766421-25-000034

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

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.