{"schema_version":"secwatch.filing_event.v1","accession":"0000766421-25-000034","form_type":"8-K","ticker":"ALK","cik":"0000766421","company_name":"ALASKA AIR GROUP, INC.","filed_at":"2025-08-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.338858+00:00","generated_at":"2026-05-17T20:12:19.906921+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Alaska Air reprices loyalty term loan; rate set at SOFR + 1.75%","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000766421-25-000034","json":"https://secwatch.observer/filing/0000766421-25-000034.json","markdown":"https://secwatch.observer/filing/0000766421-25-000034.md","text":"https://secwatch.observer/filing/0000766421-25-000034.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/766421/000076642125000034/0000766421-25-000034-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/766421/000076642125000034/alk-20250806.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T20:12:19.906921+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"edc75097991088f67ef72c0a653a248bd7af7bd5","claim":"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%.","evidence_excerpt":"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%","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/766421/000076642125000034/0000766421-25-000034-index.htm","confidence":1.0,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Counterparty","value":"Bank of America, N.A., as administrative agent"},{"label":"Rate","value":"Term SOFR plus an applicable margin of 1.75%"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}