Allegiant enters $158M PDP credit facility with Carlyle Aviation, draws $103M

Allegiant Travel CO

Credit facility of $157.7M with $103.1M drawn at closing to fund Boeing PDPs.
Loans mature June 30, 2025, bear interest at 1-month Term SOFR.
Obligations guaranteed by Allegiant Travel Company; secured by collateral assignment of Boeing purchase agreement.
Lender is Runway Seven Lender LLC, managed by Carlyle Aviation Management Limited.

item 1.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Allegiant Travel CO entered into Facility with Runway Seven Lender LLC valued at $157,709,050 (effective 2023-11-01).

Action: entry
Agreement: credit facility
Counterparty: Runway Seven Lender LLC
Value: $157,709,050
Effective: 2023-11-01

Exact text from the filing

On November 1, 2023, Allegiant Travel Company and its subsidiary, Allegiant Air, LLC (“Allegiant Air”) (together, the “Company”) entered into a credit facility with Runway Seven Lender LLC (the “Lender”), an entity managed by Carlyle Aviation Management Limited (the “Facility”) involving full-recourse loans (“Loans”) to be made available from time to time.

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Allegiant Travel CO filing history →

Source: SEC EDGAR

accession 0001362468-23-000056

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