Current Report Filing (8-k)
October 06 2022 - 04:02PM
Edgar (US Regulatory)
0001362468falseLas
VegasNV00013624682022-09-302022-09-30
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
_____________________________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
September 30, 2022
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Allegiant Travel Company |
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(Exact name of registrant as specified in its charter) |
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Nevada |
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001-33166 |
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20-4745737 |
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(State or other jurisdiction of incorporation) |
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(Commission File Number) |
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(I.R.S. Employer Identification No.) |
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1201 North Town Center Drive |
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Las Vegas, NV
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89144 |
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(Address of principal executive offices) |
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(Zip Code) |
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Registrant’s telephone number, including area
code: (702)
851-7300
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N/A |
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(Former name or former address, if changed since last
report.) |
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Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
☐ Written
communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
☐ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
☐ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
☐ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the
Act:
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Title of each class |
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Trading Symbol |
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Name of each exchange on which registered |
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Common stock, par value $0.001
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ALGT
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NASDAQ Stock Market
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Indicate by check mark whether the registrant is an emerging growth
company as in Rule 405 of the Securities Act of 1933 (Section 17
CFR §230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (Section 17 CFR §240.12b-2 of this
chapter).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange
Act.
☐
Section 1 Registrant's Business and
Operations
Item 1.01 Entry into a Material Definitive
Agreement.
On September 30, 2022, the Company, through a wholly owned
subsidiary, entered into a new senior secured revolving credit
facility (the “Facility”) with Norddeutsche Landesbank Girozentrale
(acting through its New York branch) and Landesbank
Hessen-Thüringen Girozentrale (the “Lenders“) under which it will
be able to borrow up to $300.0 million based on the amount of
pre-delivery deposits paid with respect to up to twenty (20)
737-MAX aircraft, the purchase rights for which the Company may
choose to place in the collateral pool. The Facility is secured by
the purchase rights for the applicable aircraft. The commitment
amount at the time of signing is $200.0 million; whereby the
facility may be increased to $300.0 million subject to agreement
between the Company and the Lenders. The Facility has a term of 24
months and any aircraft purchase right may remain in the facility
for the duration of the term, or up until the calendar month prior
to the expected delivery date of such aircraft, whichever is
earliest. Any notes under the Facility will bear interest at a
floating rate based on SOFR and all borrowings will be due no later
than December 31, 2024 or upon delivery of the applicable aircraft.
The proceeds from any drawdowns will be used to pay deposits due
under the Company’s agreement with the Boeing Company for purchase
of 737-MAX aircraft, or for general corporate purposes. There is no
balance on the credit Facility at the current time.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, Allegiant Travel Company has duly caused this Report to be
signed on its behalf by the undersigned hereunto duly
authorized.
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Date: October 6, 2022 |
ALLEGIANT TRAVEL COMPANY |
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By: |
/s/ Gregory C. Anderson |
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Name: |
Gregory C. Anderson |
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Title: |
President and Chief Financial Officer |
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