Allegiant Travel CO (ALGT): debt financing — Allegiant Travel sells Sunseeker Resort for $200M cash; borrows $158.6M via aircraft loan facilities

Allegiant Travel CO

Sale of Sunseeker Resort Charlotte Harbor and Aileron Golf Course to Blackstone Real Estate affiliates for $200M cash, closing in September 2025 subject to conditions.
Borrowed $158.6M under existing credit facilities secured by Boeing 737-MAX aircraft; floating interest rate, 12-year quarterly payments.
Approximately $151M in loan commitments remain available; proceeds to finance aircraft deliveries, prepay debt, and general corporate purposes.

item 1.01 item 2.03

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Allegiant Travel CO incurred credit facility of $158.6 million at floating interest rates maturing 12 years.

Instrument: credit facility
Principal: $158.6 million
Rate: floating interest rates
Maturity: 12 years
Event: incurrence

Exact text from the filing

On July 1 and July 2, 2025, the Company, through wholly owned subsidiaries, borrowed $158.6 million under previously reported credit facilities secured by Boeing 737-MAX aircraft. The loans provide for floating interest rates and quarterly payments over terms of 12 years.

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Source: SEC EDGAR

accession 0001362468-25-000036

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