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Allegiant Travel draws $102 million under secured loan
By Wendy Van Sickle
Columbus, Ohio, Dec. 15 – Allegiant Travel Co. drew down $102 million under a loan agreement secured by three Airbus A319 aircraft on Dec. 12, according to an 8-K filing with the Securities and Exchange Commission.
The loans will be payable in quarterly installments through December 2027.
Proceeds will be used for general corporate purposes.
The low-cost airline is based in Las Vegas.
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