Allegiant secures $10m loan

Washington DC
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Allegiant Air has closed a $10 million secured loan for general corporate purposes.

The 25-year fully amortising debt has a coupon of 2.86%, according to a stock exchange filing from the Las Vegas-based low-cost carrier. It is secured by real estate that the airline purchased in the second quarter of 2012.

Nevada State Bank is the lender.

The loan closed on 16 October.