Allegiant Travel amends secured revolver with $81 million capacity

By Wendy Van Sickle

Columbus, Ohio, April 4 – Allegiant Travel Co., through a wholly owned subsidiary, on Friday amended its senior secured revolving credit facility under which it will now be able to borrow up to $81 million based on the value of the Airbus A320 series aircraft, according to an 8-K filing with the Securities and Exchange Commission.

Allegiant may choose to place the Airbus A320 in its collateral pool.

The facility has a 24-month term. An individual aircraft may remain in the collateral pool for up to two years. Any notes under the facility will bear interest at a floating rate based on Libor.

Proceeds from any drawdowns will be used for general corporate purposes. There is no current balance on the credit facility.

The low-cost airline is based in Las Vegas.

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