Allegiant Travel sets roadshow for $300 million seven-year notes via Morgan Stanley

By Paul A. Harris

Portland, Ore., Sept. 13 – Allegiant Travel Co. plans to start a roadshow on Wednesday in New York for a $300 million offering of seven-year senior notes, according to an informed source.

An investor conference call is scheduled to get underway at noon ET on Wednesday.

The roadshow moves to Boston on Thursday.

The public offering, via bookrunner Morgan Stanley & Co. LLC, is expected to price on Friday.

The notes come with three years of call protection.

The Las Vegas-based low-cost airline plans to use the proceeds for general corporate purposes, including capital expenditures such as aircraft acquisitions, pre-delivery deposits, purchases of 12 newly manufactured CFM powered A320 aircraft expected to be delivered in 2017 and 2018, share repurchases and debt repayment.

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