Allegiant Travel borrows $43.4 million under financing agreement

By Sarah Lizee

Olympia, Wash., June 18 – Allegiant Travel Co. through a wholly owned subsidiary borrowed $43.4 million under a financing agreement secured by spare engines on Friday, according to an 8-K filing with the Securities and Exchange Commission.

The borrowing bears interest at a variable rate and will be payable in quarterly installments with a final balloon payment due in September 2026. The exact rate was not disclosed in the filing.

The proceeds from the loan will be used for general corporate purposes.

Allegiant is a Las Vegas-based operator of a passenger airline marketed to leisure travelers in small cities.

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