Alaska Air prices USD 1 billion debt financing, including USD 500 million senior notes due 2031

Alaska Air Group, Inc.

ALK

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Alaska Air Group priced private offering of USD 500 million 6.5% senior notes due 2031, fully guaranteed on senior unsecured basis by parent.
AS Mileage Plan IP expects to add USD 500 million incremental tranche of senior secured term loans, taking total new debt financings to USD 1 billion.
Closing targeted around May 12, 2026, subject to customary conditions.
Proceeds earmarked for reserve and collection accounts tied to intercompany loan, then general corporate purposes.
Incremental term loans secured by collateral linked to Atmos Rewards loyalty program, ranking pari passu with existing term loan facility and loyalty notes.

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