Fitch rates Allegiant notes, loans BB+

Fitch Ratings said it assigned BB+/RR2 ratings to Allegiant Travel Co.’s planned $500 million of high-yield notes, $75 million revolver and new $100 million revolver due 2024.

“The BB+/RR2 ratings on the company's proposed $500 million high-yield note and $75 million revolving credit facility (RCF), reflect Allegiant's BB- long-term IDR and the pledged collateral; namely, all non-aircraft assets, inclusive of loyalty programs, IP, fleet equity, spare parts and equipment, which is the same as the collateral assigned to its existing term loan and notes,” Fitch said in a press release.

The outlook is stable.

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