---
schema_version: "secwatch.filing_event.v1"
accession: "0000766421-26-000023"
form_type: "8-K"
ticker: "ALK"
cik: "0000766421"
company_name: "ALASKA AIR GROUP, INC."
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T22:19:05.457387+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Alaska Air Group prices $500M 6.5% notes due 2031, adds $500M incremental term loan

## Summary
- Pricing of $500M 6.5% senior notes due 2031, fully and unconditionally guaranteed by Alaska Air Group.
- Incurrence of $500M incremental senior secured term loan by subsidiary AS Mileage Plan IP Ltd.
- Both financings expected to close on or about May 12, 2026, subject to customary conditions.
- Proceeds from term loan will fund reserve and collection accounts; proceeds from notes used for general corporate purposes.
- Term loan secured by loyalty program (Atmos Rewards) collateral, pari passu with existing $1.25B loyalty notes.

## SEC filing metadata
- accession: 0000766421-26-000023
- form_type: 8-K
- ticker: ALK
- cik: 0000766421
- company_name: ALASKA AIR GROUP, INC.
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/766421/000076642126000023/0000766421-26-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/766421/000076642126000023/alk-20260507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000766421-26-000023
- JSON: https://secwatch.observer/filing/0000766421-26-000023.json
- Plain text: https://secwatch.observer/filing/0000766421-26-000023.txt

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