Allegiant Air has closed a $213 million secured loan, the proceeds of which will be used to repay debt and general corporate purposes.

The balloon loan, due in 2024, is secured by 23 Airbus aircraft, a company filing shows.

The interest rate is variable and will be paid in quarterly installments.

Sumitomo Mitsui Banking Corporation and Banc of America Leasing & Capital are providing the debt, while Bank of Utah is agent on the transaction.

Source: Cirium Dashboard