Allegiant Travel Company has announced a new credit facility agreement through a wholly owned subsidiary, enabling the company to borrow up to $144 million. This facility is secured by Boeing 737 MAX aircraft expected to be delivered to Allegiant. The loan will have a term of 12 years, with interest based on SOFR plus a margin. The funds from this credit facility will be directed towards purchasing the related aircraft, repaying other debts, and supporting general corporate purposes. As of now, the facility remains undrawn.
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