Alaska Airlines amends loan, revising covenants

By Sara Rosenberg

New York, Sept. 25 - Alaska Airlines Inc. amended its credit facility, eliminating all previous financial covenants and replacing them with a minimum unrestricted cash requirement, according to an 8-K filed with the Securities and Exchange Commission on Thursday.

The new covenant requires that the company maintain at all times a combined total not less than $500 million in unrestricted cash and cash equivalents and marketable securities.

Alaska Airlines is a Seattle-based provider of passenger air service.

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