Allegiant Travel to launch $125 million term loan on Thursday

By Sara Rosenberg

New York, Feb. 14 - Allegiant Travel Co. is scheduled to hold a bank meeting on Thursday to launch a proposed $125 million term loan, according to a market source.

Citadel Securities is leading the deal.

Price talk on the term loan is Libor plus 425 basis points with a 1.75% Libor floor and an original issue discount of 99, the source said.

There is 101 soft call protection for one year.

Proceeds will be used to fund capital expenditures.

Allegiant Travel is a Las Vegas-based all-jet passenger airline company.

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