ALGT prepays $301.34M debt; 2027 notes now $404.74M outstanding

Rhea-AI Filing Summary

Allegiant Travel Company repaid $120.0 million of its senior secured notes due August 2027 on October 15, 2025, following a call feature exercised on September 15, 2025. After this repayment and $25.26 million of notes repurchased in August 2025, the remaining principal outstanding on the 2027 senior secured notes is $404.74 million.

Including these transactions and recent voluntary prepayments of other bilateral debt, Allegiant has prepaid approximately $301.34 million of debt principal in total. Of this, $181.34 million was prepaid in third quarter 2025 and $120.0 million in fourth quarter 2025 to date. These figures exclude any regularly scheduled principal amortization.

Insights

Credit analyst

Allegiant reduced debt with targeted prepayments, lowering 2027 notes.

Allegiant Travel repaid $120.0 million on its 2027 senior secured notes on October 15, 2025, leaving $404.74 million outstanding after also repurchasing $25.26 million in August. The company reports total voluntary principal prepayments of $301.34 million across instruments.

The actions concentrate on near‑dated secured debt and include other bilateral obligations. While interest savings are not quantified here, principal balances are lower, which can reduce future cash commitments.

By timing, prepayments totaled $181.34 million in Q3 2025 and $120.0 million in Q4 2025 to date. Actual impact depends on interest rates and remaining maturities disclosed in subsequent filings.

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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): October 15, 2025

Allegiant Travel Company

(Exact name of registrant as specified in its charter)

Nevada

001-33166

20-4745737

(State or other jurisdiction of incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

1201 North Town Center Drive

Las Vegas, NV

89144

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code:              (702) 851-7300

N/A

(Former name or former address, if changed since last report.)

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:

Title of each class

Trading Symbol

Name of each exchange on which registered

Common stock, par value $0.001

ALGT

NASDAQ Stock Market

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 8    Other Events

Item 8.01    Other Events.

On October 15, 2025, Allegiant Travel Company (the “Company”) repaid $120.0 million of its senior secured notes due August 2027 under a call feature exercised on September 15, 2025. The remaining principal balance outstanding on the Company’s 2027 senior secured notes is now $404.74 million following this prepayment along with $25.26 million in notes repurchased during August 2025.

Including the senior secured notes redeemed or repurchased as disclosed above and recent voluntary prepayments of other bilateral debt obligations, the Company has prepaid approximately $301.34 million of debt principal in total, of which $181.34 million of debt principal was prepaid in third quarter 2025 and $120.0 million in fourth quarter 2025 to date. These numbers do not include any regularly scheduled principal amortization.

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.

Date:  October 21, 2025			ALLEGIANT TRAVEL COMPANY
			By:			/s/ Robert Neal
			Name:			Robert Neal
			Title:			Executive Vice President, Chief Financial Officer

FAQ

What debt did Allegiant Travel (ALGT) repay on October 15, 2025?

Allegiant repaid $120.0 million of its senior secured notes due August 2027.

How much of Allegiant’s 2027 senior secured notes remain outstanding?

After the repayment and August repurchases, the remaining principal is $404.74 million.

What is Allegiant Travel’s total voluntary debt principal prepaid recently?

The company has prepaid approximately $301.34 million of debt principal in total.

How were Allegiant’s prepayments distributed by quarter in 2025?

$181.34 million was prepaid in Q3 2025 and $120.0 million in Q4 2025 to date.

Do these figures include scheduled amortization payments?

No. The amounts disclosed exclude regularly scheduled principal amortization.

Did Allegiant repurchase any 2027 notes before the October repayment?

Yes. Allegiant repurchased $25.26 million of the 2027 notes during August 2025.