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Allegiant Travel to launch $546.6 million term loan on Tuesday
By Sara Rosenberg
New York, Feb. 3 – Allegiant Travel Co. will hold a lender call at 10 a.m. ET on Tuesday to launch a $546.6 million first-lien term loan B due Feb. 5, 2024, according to a market source.
Barclays, Credit Agricole and Goldman Sachs Bank USA are the bookrunners on the deal. Barclays is the administrative agent.
Proceeds will be used to reprice an existing term loan B and concurrently upsize the loan by $100 million from $446.6 million.
Commitments are due at noon ET on Friday, the source added.
Allegiant is a Las Vegas-based provider of affordable and convenient leisure travel.
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