Allegiant Travel draws $92.4 million under revolver, secured loan

By Marisa Wong

Morgantown, W.Va., July 28 – Allegiant Travel Co. drew down $50.4 million under its senior secured revolving credit facility on July 22, according to an 8-K filing with the Securities and Exchange Commission.

The amounts borrowed are due on Dec. 31, 2017.

In addition, the company borrowed $42 million under a loan agreement secured by three Airbus A319 aircraft on July 28.

These loans will be payable in quarterly installments through July 2021.

Proceeds from both drawdowns will be used for general corporate purposes.

The low-cost airline is based in Las Vegas.

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