Allegiant talks $300 million five-year notes to yield in 5 5/8% area; pricing Friday

By Paul A. Harris

Portland, Ore., June 19 – Allegiant Travel Co. talked its $300 million offering of non-callable five-year senior notes (B1/BB-/) to yield in the 5 5/8% area on Thursday, according to a market source.

Books are closed.

The public offering, via bookrunner Goldman Sachs & Co., is set to price Friday morning.

The Las Vegas-based low-cost airline plans to use the proceeds to pay for ownership interests in the special purpose companies owning the 12 Airbus A320 series aircraft on lease to a European carrier currently under contract and, along with cash on hand, for the purchase of 11 Airbus A320 series aircraft under contract or letter of intent for purchase during 2014 and 2015.

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