Allegiant Travel enters $100 million revolver via subsidiary

By William Gullotti

Buffalo, N.Y., Aug. 3 – Allegiant Travel Co., through a wholly owned subsidiary, entered a $100 million senior secured revolving credit facility on Aug. 2, according to an 8-K filed with the Securities and Exchange Commission.

The facility has a two-year tenor and is secured by a company-chosen collateral pool of aircraft and engines.

Facility borrowings will bear SOFR-based interest.

Proceeds will be used for general corporate purposes.

The new revolver was undrawn at closing.

Allegiant is a Las Vegas-based travel and hospitality company.

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