Allegiant Travel subsidiary draws $178M loan
The $177.5 million fixed-rate draw is designated for aircraft deliveries and general corporate purposes; a separate $71.8 million draw funds Boeing pre-delivery payments.
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Form Type
8-K
Rhea-AI Filing Summary
Allegiant Travel Company, through a wholly owned subsidiary, borrowed the full $177.5 million available under a previously reported credit facility secured by certain aircraft in its fleet. The loans bear a fixed rate, with quarterly amortizing payments beginning in July 2027 over five to six years, depending on aircraft grouping. Proceeds will support upcoming aircraft deliveries and general corporate purposes.
Before the end of third quarter 2026, a wholly owned subsidiary also borrowed $71.8 million under a previously reported $231.0 million facility to fund part of pre-delivery payments to The Boeing Company for certain Boeing 737-MAX aircraft. These loans bear floating interest based on SOFR plus a margin, are secured by assignment of the related purchase contract, and are payable on or before aircraft delivery but no later than March 31, 2028. $159.3 million remains undrawn under that facility.
8-K Event Classification
Item 2.03 — Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
1 item
Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Key Figures
Aircraft-secured facility borrowing: $177.5 million
Boeing pre-delivery facility borrowing: $71.8 million
Boeing pre-delivery facility: $231.0 million
+4 more
7 metrics
Aircraft-secured facility borrowing
$177.5 million
Full amount available was borrowed on October 13, 2026
Boeing pre-delivery facility borrowing
$71.8 million
Borrowed before the end of third quarter 2026
Boeing pre-delivery facility
$231.0 million
Previously reported facility
Undrawn amount
$159.3 million
Remaining under the Boeing pre-delivery facility after the draw
Loan term
Five to six years
Depends on aircraft grouping
Quarterly amortizing payments begin
July 2027
Aircraft-secured facility
Latest stated payment deadline
March 31, 2028
Boeing pre-delivery facility loans are payable by this date at the latest
Key Terms
quarterly amortizing payments, SOFR, collateral assignment, pre-delivery payments
4 terms
quarterly amortizing payments financial
"provide for quarterly amortizing payments beginning in July 2027"
SOFR financial
"floating interest rates based on SOFR plus a margin"
The Secured Overnight Financing Rate (SOFR) is a market benchmark that measures the cost of borrowing cash overnight using U.S. Treasury securities as collateral. Investors watch SOFR because it acts like a speedometer for short-term interest costs—affecting loan rates, bond yields and the pricing of interest-rate contracts—so movements change borrowing expenses, cash returns and the value of interest-sensitive investments.
collateral assignment financial
"secured by a collateral assignment of the purchase contract"
pre-delivery payments financial
"to fund a portion of the pre-delivery payments due to The Boeing Company"
Pre-delivery payments are sums a buyer pays in advance to a seller or manufacturer for goods or services that have not yet been handed over, commonly used for products built to order such as vehicles, machinery, or large equipment. They matter to investors because these payments show cash received before revenue is earned and create a liability on the balance sheet—like a customer putting a deposit on a custom order, they indicate upcoming deliveries, production progress, and the risk that the seller must either fulfill the order or return the money.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much did ALGT borrow under its aircraft-secured credit facility?
A wholly owned subsidiary borrowed the full $177.5 million available under a previously reported facility secured by certain aircraft in Allegiant’s fleet. The loans bear a fixed rate, with quarterly amortizing payments beginning in July 2027 and a five-to-six-year term depending on aircraft grouping.
How much remains available under ALGT’s Boeing aircraft pre-delivery facility?
A wholly owned subsidiary borrowed $71.8 million under a previously reported $231.0 million facility to fund part of the pre-delivery payments for certain Boeing 737-MAX aircraft. $159.3 million remains undrawn under that facility.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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 13, 2026
| (Exact name of registrant as specified in its charter) | ||||||||||||||||||||||||||||||||
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||||||||||||||||||||
| (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:
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 2 Financial Information
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On October 13, 2026, the Company, through a wholly owned subsidiary, borrowed the entire $177.5 million available under a previously reported credit facility secured by certain aircraft in the Company’s fleet. The loans under this facility bear interest at a fixed rate, and provide for quarterly amortizing payments beginning in July 2027 over a term of five to six years depending on aircraft grouping. The proceeds from any drawdowns will be used to support upcoming aircraft deliveries and for general corporate purposes.
In addition, prior to the end of third quarter 2026, the Company, through a wholly owned subsidiary, borrowed $71.8 million under a previously reported $231.0 million credit facility to fund a portion of the pre-delivery payments due to The Boeing Company for certain Boeing 737-MAX aircraft. The loans are payable on or before the delivery of the associated aircraft but no later than March 31, 2028. The loans provide for floating interest rates based on SOFR plus a margin and are secured by a collateral assignment of the purchase contract relating to the associated aircraft. After this drawdown, $159.3 million of the facility remains undrawn.
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 19, 2026 | ALLEGIANT TRAVEL COMPANY | ||||||||||
| By: | /s/ Robert Neal | ||||||||||
| Name: | Robert Neal | ||||||||||
| Title: | President, Chief Financial Officer | ||||||||||