Alaska Air Group launches $500M senior notes offering due 2031 for general purposes

ALASKA AIR GROUP, INC.

$500M aggregate principal of senior notes due 2031 issued by Alaska Airlines, Inc.
Notes fully and unconditionally guaranteed on a senior unsecured basis by Alaska Air Group.
Net proceeds to be used for general corporate purposes, including fees and expenses.
Offering is private, exempt from registration under Rule 144A and Regulation S.
Notes not registered under Securities Act; offered only to QIBs and non-U.S. persons.

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