Allegiant issues $650M 7.125% senior secured notes due 2031, retires $377.5M of existing 2027 notes

Allegiant Travel CO

Issued $650M in 7.125% senior secured notes maturing July 1, 2031; interest payable Jan 1 and July 1.
Used $377.5M of proceeds to purchase existing 7.25% senior secured notes due 2027 via tender offer at $1,005 per $1,000.
Approximately $25.5M of existing notes remain; Allegiant expects to redeem them in Q3 2026.
Amended credit agreement to align covenants with new indenture; $150M revolver remains undrawn.
Indenture requires minimum aggregate liquidity of $300M, with 2% additional interest if not met.

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