LAS VEGAS, May 5, 2021 /PRNewswire/ -- Allegiant Travel
Company (NASDAQ: ALGT) ("Allegiant", "we," "us," or "our") has
announced that it priced the underwritten public offering of
1,350,000 shares of its common stock (the "Shares" and such
offering the "Offering") at a public offering price of $219.00 per Share, for aggregate gross proceeds
of $295,650,000.00. Allegiant has
granted the underwriters of the Offering a 30-day option to
purchase up to 202,500 additional Shares. The Offering is expected
to close on or about May 10, 2021,
subject to the satisfaction of customary closing conditions.
Allegiant expects to use the net proceeds of the Offering for
airline growth opportunities and general corporate purposes,
including the acquisition of aircraft and repayment of existing
indebtedness.
Barclays and Morgan Stanley are acting as underwriters for the
Offering. We have filed with the SEC a registration statement
(including a prospectus) and a preliminary prospectus supplement
relating to the Offering. Before you invest, you should read the
preliminary prospectus supplement and the prospectus in that
registration statement and other documents we have filed with the
SEC for more complete information about us and the offering. You
may get these documents free by visiting EDGAR on the SEC website
at www.sec.gov. Alternatively, we, any underwriter or any dealer
participating in the Offering will arrange to send you the
preliminary prospectus supplement for the Offering and the
accompanying prospectus upon request to: Barclays Capital Inc., c/o
Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, New York, 11717, or by
telephone at (888) 603-5847, or by email at
barclaysprospectus@broadridge.com or Morgan Stanley & Co. LLC,
180 Varick Street, 2nd Floor, New York,
New York 10014, Attention: Prospectus Department. In
addition, we will arrange to send you the prospectus relating to
the Offering upon request to Allegiant Travel Company, Attention:
Investor Relations, 1201 North Town Center Drive, Las Vegas, Nevada 89144, or by telephone at
(702) 851-7300.
Allegiant Travel Company
Las Vegas-based Allegiant
(NASDAQ: ALGT) is an integrated travel company with an airline at
its heart, focused on connecting customers with the people, places
and experiences that matter most. Since 1999, Allegiant Air has
linked travelers in small-to-medium cities to world-class vacation
destinations with all-nonstop flights and industry-low average
fares. Today, Allegiant's all-Airbus fleet serves communities
across the nation, with base airfares less than half the cost of
the average domestic roundtrip ticket. For more information, visit
us at Allegiant.com. Media information, including photos, is
available at http://gofly.us/iiFa303wrtF
ALGT/G
Note: This news release was accurate at the date of issuance.
However, information contained in the release may have changed. If
you plan to use the information contained herein for any purpose,
verification of its continued accuracy is your
responsibility.
For further information please visit the company's investor
website: http://ir.allegiantair.com
Reference to the Company's website above does not constitute
incorporation of any of the information thereon into this news
release.
Allegiant Media
Contact:
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Investor
Inquiries:
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Hilarie
Grey
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Sherry
Wilson
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email:
mediarelations@allegiantair.com
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email:
ir@allegiantair.com
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No Offer or Solicitation
This press release is for informational purposes only. This
press release does not constitute an offer to sell or a
solicitation of an offer to buy any shares of our common stock or
any other securities in any jurisdiction to any person to whom it
is unlawful to make such offer or solicitation in such
jurisdiction.
Forward-Looking Statements
Under the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, statements in this press release
that are not historical facts are forward-looking statements. These
forward-looking statements are only estimates or predictions based
on our management's beliefs and assumptions and on information
currently available to our management. Forward-looking statements
include our statements regarding future expenses, ASM growth,
expected capital expenditures, number of contracted aircraft to be
placed in service in the future, the timing of aircraft
acquisitions and retirements, debt payments, as well as other
information concerning future results of operations, business
strategies, financing plans, industry environment and potential
growth opportunities. Forward-looking statements include all
statements that are not historical facts and can be identified by
the use of forward-looking terminology such as the words "believe,"
"expect," "guidance," "anticipate," "intend," "plan," "estimate",
"project", "hope" or similar expressions.
Forward-looking statements involve risks, uncertainties and
assumptions. Actual results may differ materially from those
expressed in the forward-looking statements. Important risk factors
that could cause our results to differ materially from those
expressed in the forward-looking statements generally may be found
in our periodic reports filed with the Securities and Exchange
Commission at www.sec.gov. These risk factors include, without
limitation, the impact and duration of the COVID-19 pandemic on
airline travel and the economy, liquidity issues resulting from the
effect of the COVID-19 pandemic on our business, restrictions
imposed on us as a result of accepting grants and loans under the
CARES Act, an accident involving, or problems with, our
aircraft, public perception of our safety, our reliance on our
automated systems, our reliance on third parties to deliver
aircraft under contract to us on a timely basis, risk of breach of
security of personal data, volatility of fuel costs, labor issues
and costs, the ability to obtain regulatory approvals as needed ,
the effect of economic conditions on leisure travel, debt covenants
and balances, the ability to finance aircraft under contract,
terrorist attacks, risks inherent to airlines, our competitive
environment, our reliance on third parties who provide facilities
or services to us, the possible loss of key personnel, economic and
other conditions in markets in which we operate, the ability to
successfully develop and finance a resort in Southwest Florida, governmental regulation,
increases in maintenance costs and cyclical and seasonal
fluctuations in our operating results.
Any forward-looking statements are based on information
available to us today and we undertake no obligation to update
publicly any forward-looking statements, whether as a result of
future events, new information or otherwise.
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SOURCE Allegiant Travel Company