Allegiant Travel (NASDAQ: ALGT) extends $150M revolving credit line to 2030

Rhea-AI Filing Summary

Allegiant Travel Company amended its Revolving Credit and Guaranty Agreement to provide a borrowing capacity of $150.0 million and extend the facility’s maturity to December 2030, with an earlier maturity possible in May 2027 depending on the status of its Senior Secured Notes due 2027.

The amendment adds Deutsche Bank AG New York Branch as a lender alongside Barclays Bank PLC, with commitments of $100.0 million from Barclays and $50.0 million from Deutsche Bank. The revolving credit facility continues to be guaranteed by the same subsidiaries, secured by the same collateral, and subject to substantially the same covenants as the Senior Secured Notes, and it remains undrawn.

Insights

Credit and capital structure analyst

Allegiant extends a $150.0M undrawn credit backstop to 2030.

The company amended its revolving credit agreement to allow borrowings of up to $150.0 million and to extend the stated maturity to December 2030, with an earlier maturity in May 2027 if its Senior Secured Notes due 2027 are not addressed as contemplated. This structure gives a committed liquidity source without adding debt immediately, since the facility remains undrawn.

Barclays Bank PLC continues as administrative agent with a $100.0 million commitment, and Deutsche Bank AG New York Branch joins as a lender with a $50.0 million commitment. The facility is guaranteed by the same subsidiaries, secured by the same collateral, and subject to substantially the same covenants as the Senior Secured Notes, so creditors share a similar security package.

The conditional earlier maturity in May 2027 links the revolver’s term to the Senior Secured Notes due 2027, so how the company handles those notes will influence how long this credit line remains available. Subsequent company disclosures may provide more detail on usage of this facility and any related refinancing steps for the notes.

8-K Event Classification

Item 1.01 — Entry into a Material Definitive Agreement

1 item

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Understanding 8-K Material Events →

0001362468falseLas VegasNV00013624682025-12-052025-12-05

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): December 5, 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 1    Registrant’s Business and Operations

Item 1.01    Entry into a Material Definitive Agreement.

On December 5, 2025, Allegiant Travel Company (the “Company”) entered into an amendment to its Revolving Credit and Guaranty Agreement dated as of August 17, 2022 (the “Credit Agreement”) with Barclays Bank PLC (“Barclays”) as administrative agent. Under the amendment, the facility now allows for borrowings of up to $150.0 million and the maturity date has been extended until December 2030, subject to earlier maturity (in May 2027) based on the status of the Company’s Senior Secured Notes due 2027 (the “Senior Secured Notes”). The amendment also adds Deutsche Bank AG New York Branch (“DB”) as a lender and reflects the commitments of the existing lender Barclays at $100.0 million and DB at $50.0 million. The Company’s obligations under the revolving credit facility continue to be guaranteed by the same subsidiaries that guarantee the Senior Secured Notes, continue to be secured by the same collateral that secures the Senior Secured Notes and continue to be subject to substantially the same covenants as applicable to the Senior Secured Notes.

The Credit Agreement remains undrawn at this time.

The foregoing summary of the Credit Agreement is not complete and is qualified in its entirety by reference to the full and complete text of the Credit Agreement, as amended.

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:  December 9, 2025			ALLEGIANT TRAVEL COMPANY
			By:			/s/ Robert J. Neal
			Name:			Robert J. Neal
			Title:			President, Chief Financial Officer

FAQ

What agreement did Allegiant Travel Company (ALGT) enter into on December 5, 2025?

On December 5, 2025, Allegiant Travel Company entered into an amendment to its Revolving Credit and Guaranty Agreement originally dated August 17, 2022.

How large is Allegiant Travel Company1s amended revolving credit facility?

The amended revolving credit facility allows for borrowings of up to $150.0 million.

When does Allegiant Travel Company1s revolving credit facility now mature?

The facility1s maturity has been extended until December 2030, with a potential earlier maturity in May 2027 based on the status of the Senior Secured Notes due 2027.

Which lenders are part of Allegiant Travel Company1s revolving credit facility and what are their commitments?

The lenders are Barclays Bank PLC with a $100.0 million commitment and Deutsche Bank AG New York Branch with a $50.0 million commitment.

Is Allegiant Travel Company1s revolving credit facility currently drawn?

No. The company states that the Credit Agreement remains undrawn at this time.

How is Allegiant Travel Company1s revolving credit facility secured and guaranteed?

The company1s obligations under the revolving credit facility are guaranteed by the same subsidiaries that guarantee the Senior Secured Notes, are secured by the same collateral, and are subject to substantially the same covenants as those notes.