Allegiant offers $300m in senior notes

Washington DC
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Las Vegas-based Allegiant Air has announced a public offering of $300 million of senior unsecured notes due in 2019.

The coupon rate, maturity and other terms of the notes will be determined at pricing, says the airline. The notes will be secured by all of Allegiant's wholly owned domestic subsidiaries.

Allegiant plans to use proceeds from the notes for the aircraft acquisitions it announced on 13 June. The carrier said it will acquire 14 A320 family aircraft, and will also purchase eight A319s off a lease agreement it had previously disclosed.

Goldman Sachs is the sole book-running manager for the offering.