---
title: "Allegiant Travel Raises $650 Million in 7.125% Secured Notes, Amends 2027 Indenture and Revolver"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291125924.md"
description: "Allegiant Travel issued $650 million in 7.125% Senior Secured Notes due 2031 to refinance existing debt and boost liquidity. Proceeds were used to buy back $377.5 million of its 2027 notes, with the remainder for general corporate purposes. The company also amended its 2027 notes indenture to streamline covenants and updated its $150 million revolving credit agreement to align with the new terms."
datetime: "2026-06-29T10:03:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291125924.md)
  - [en](https://longbridge.com/en/news/291125924.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291125924.md)
---

# Allegiant Travel Raises $650 Million in 7.125% Secured Notes, Amends 2027 Indenture and Revolver

Allegiant Travel completed a $650.0 million issuance of 7.125% Senior Secured Notes due 2031 to refinance near-term debt and strengthen liquidity. The company used proceeds to purchase $377.5 million of its 7.25% notes due 2027 and expects to redeem the remaining $25.5 million in Q3 2026, with the balance for general corporate purposes. The new notes are secured by first-priority liens on substantially all non-aircraft collateral and include a $300 million minimum liquidity covenant. Allegiant also amended the 2027 notes indenture to streamline covenants and shorten redemption notice, and updated its undrawn $150 million revolving credit agreement to align covenants with the new Indenture.

**Agreement 1: Allegiant Travel Raises $650 Million in 7.125% Senior Secured Notes Due 2031**

-   **Agreement type**: Indenture governing 7.125% Senior Secured Notes due 2031
-   **Counterparty**: Wilmington Trust, as trustee and collateral agent
-   **Signed / Effective**: Jun 24 2026 / same
-   **Duration / Termination**: Until Jul 01 2031
-   **Reason**: Refinance 2027 notes and bolster liquidity

**Agreement 2: Allegiant Travel Amends 2027 Notes Indenture to Ease Covenants and Enable Faster Redemptions**

-   **Agreement type**: First Supplemental Indenture amending 7.25% Senior Secured Notes due 2027
-   **Counterparty**: Wilmington Trust, as trustee
-   **Signed / Effective**: Jun 24 2026 / same
-   **Duration / Termination**: Through 2027 note maturity
-   **Reason**: Facilitate tender and redemption of 2027 notes

**Agreement 3: Allegiant Travel Updates Revolving Credit Agreement to Align With New Notes Covenants**

-   **Agreement type**: Amendment No. 2 to Revolving Credit and Guaranty Agreement
-   **Counterparty**: Barclays Bank and Deutsche Bank New York Branch, as lenders; Barclays Bank, as administrative agent
-   **Signed / Effective**: Jun 25 2026 / same
-   **Duration / Termination**: Through facility term
-   **Reason**: Align covenants with new notes indenture

Original SEC Filing: Allegiant Travel CO \[ ALGT \] - 8-K - Jun. 26, 2026

**Disclaimer**

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.

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