News Column

ALLEGIANT TRAVEL CO FILES (8-K) Disclosing Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

May 30, 2014



Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On May 28, 2014, Allegiant Travel Company (the "Company"), through a wholly owned subsidiary, closed on a loan agreement under which it borrowed $40.0 million secured by its six Boeing 757 aircraft. The note bears interest at a floating rate based on LIBOR and will be payable in monthly installments through May 2018 at which time, a balloon payment is due. A portion of the proceeds were used to prepay the remaining $4.0 million balance of a secured note originally due in June 2016.

--------------------------------------------------------------------------------


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Edgar Glimpses


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters