Allegiant Travel strengthened its financing flexibility with two aircraft-related facilities. The company amended its PDP Facility Agreement with Runway Seven Lender, providing up to $231.0 million in loans to fund Boeing pre-delivery payments, maturing Mar. 31, 2028 and secured by a first-priority assignment of the Boeing purchase agreement. Allegiant also established a new $177.5 million secured credit facility backed by certain Airbus aircraft, featuring fixed-rate notes based on SOFR plus a margin and quarterly amortization over 5–6 years. Separately, the company drew $132.0 million under a previously reported $176.0 million Boeing 737-MAX facility to finance recent aircraft deliveries.
Agreement 1: Allegiant Travel Amends $231M Boeing PDP Loan Facility With Runway Seven
- Agreement type: Amendment to pre-delivery payment (PDP) loan facility
- Counterparty: Runway Seven Lender
- Signed / Effective: Jul 27 2026 / same
- Duration / Termination: Through Mar 31 2028
- Reason: Finance Boeing aircraft pre-delivery payments
Agreement 2: Allegiant Travel Sets Up $177.5M Credit Facility Secured by Airbus Aircraft
- Agreement type: Secured credit facility backed by Airbus aircraft
- Signed / Effective: Jul 24 2026 / same
- Duration / Termination: 5-6 years
- Reason: General corporate purposes
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.