Allegiant Travel receives tenders for USD 377.53 million of 7.25% secured notes due 2027 in cash offer
Allegiant Travel Company
Allegiant Travel Company ALGT | 0.00 |
- Allegiant Travel received tenders for USD 377.53 million of its USD 403.01 million 7.250% Senior Secured Notes due 2027 by the early deadline.
- Holders representing 93.68% of outstanding principal delivered consents, clearing the threshold to amend the indenture.
- Early tenders get USD 1,005 per USD 1,000 principal; late tenders through July 9 get USD 955.
- Initial settlement is expected June 24, subject to conditions including completion of one or more debt financings.
- Amendments would strip most covenants, adjust certain defaults, cut redemption notice to three business days, effective once a majority is purchased.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Allegiant Travel Co. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202606231900PR_NEWS_USPR_____LA90877) on June 23, 2026, and is solely responsible for the information contained therein.
