Alaska Air Group Files 8-K

TL;DR

Alaska Air Group filed an 8-K on Oct 2 for an Oct 1 event, mostly financial exhibits.

AI Summary

Alaska Air Group, Inc. filed an 8-K on October 2, 2024, reporting an event on October 1, 2024. The filing is primarily related to financial statements and exhibits, with no specific material events detailed in the provided text.

Why It Matters

This filing indicates Alaska Air Group is providing updated financial information or exhibits to the SEC, which could contain details relevant to investors.

Risk Assessment

Risk Level: low — The provided text is a standard 8-K filing notification and does not contain specific material events or financial disclosures that would indicate high risk.

Key Players & Entities

• ALASKA AIR GROUP, INC. (company) — Filer
• 0000766421-24-000072 (other) — Accession Number
• 20241001 (date) — Date of earliest event reported
• 20241002 (date) — Filing Date

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common stock, $0.01 par value ALK New York Stock Exchange
• $625 million — vate offering (the " Offering ") of (i) $625 million aggregate principal amount of 5.021% Se
• $750 million — wned subsidiary of the Company and (ii) $750 million senior secured Term Loan B due 2031 (th
• $6.3 million — f redemption for all of the outstanding $6.3 million aggregate principal amount of 2026 Note
• $984.9 million — f redemption for all of the outstanding $984.9 million aggregate principal amount of 2029 Note

Filing Documents

• alk-20241001.htm (8-K) — 33KB
• ex9911012024pressrelease.htm (EX-99.1) — 15KB
• alaskaairgrouplogoa92a.jpg (GRAPHIC) — 149KB
• 0000766421-24-000072.txt ( ) — 380KB
• alk-20241001.xsd (EX-101.SCH) — 2KB
• alk-20241001_lab.xml (EX-101.LAB) — 21KB
• alk-20241001_pre.xml (EX-101.PRE) — 12KB
• alk-20241001_htm.xml (XML) — 3KB

01. Other Events

ITEM 8.01. Other Events Senior Secured Notes On October 1, 2024, Alaska Air Group, Inc. (the " Company ") announced the pricing of the previously announced private offering (the " Offering ") of (i) $625 million aggregate principal amount of 5.021% Senior Secured Notes due 2029 and $625 million aggregate principal amount of 5.308% Senior Secured Notes due 2031 (the " Notes ") by AS Mileage Plan IP, Ltd., an exempted company incorporated with limited liability under the laws of the Cayman Islands and an indirect, wholly-owned subsidiary of the Company and (ii) $750 million senior secured Term Loan B due 2031 (the " Term Loan " and, together with the Notes the " Loyalty Financings "). A copy of the press release is filed herewith as Exhibit 99.1 and is incorporated herein by reference. This report does not constitute an offer to sell or a solicitation of an offer to buy the Notes or any other securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration and qualification under the securities laws of such state or jurisdiction. The Notes are being offered only to persons reasonably believed to be "qualified institutional buyers" in an offering exempt from registration in reliance on Rule 144A under the Securities Act of 1933, as amended (the " Securities Act "), and outside the United States in reliance on Regulation S under the Securities Act. The Notes will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements of the Securities Act or any applicable state securities laws. Redemption of Hawaiian 2026 Senior Secured Notes and 2029 Senior Secured Notes On October 1, 2024, the Company delivered to the holders of the 5.750% Senior Secured Notes due 2026 (the " 2026 Notes "), issued by Hawaiian Bran

01. Financial Statements and Other Exhibits

ITEM 9.01. Financial Statements and Other Exhibits Exhibit 99.1 Press Release of Alaska announcing the pricing of the Notes, dated October 1, 2024. 104 Cover Page Interactive Data File - embedded within the Inline XBRL Document

Forward-Looking Statements

Forward-Looking Statements Forward-looking statements in this report and certain oral statements made from time to time by representatives of the Company contain various forward-looking statements within the meaning of Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended (the " Exchange Act ") which are subject to the "safe harbor" created by those sections. Forward-looking statements are based on our management's beliefs and assumptions and on information currently available to our management. All statements other than statements of historical facts are "forward-looking statements" for purposes of these provisions. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "could," "would," "expect," "plan," "anticipate," "believe," "estimate," "project," "predict," "potential," and similar expressions intended to identify forward-looking statements. Forward-looking statements include, without limitation, statements regarding the Company's intentions and expectations regarding revenues as well as statements regarding the Offering and the Loyalty Term Loan Facility described in this report. Such forward-looking statements are subject to risks, uncertainties and other important factors that could cause actual results and the timing of certain events to differ materially from future results expressed or implied by such forward-looking statements. Factors include, among others, risks include competition, labor costs, relations and availability, general economic conditions including those associated with pandemic recovery, increases in operating costs including fuel, inability to meet cost reduction, ESG and other strategic goals, seasonal fluctuations in demand and financial results, supply chain risks, events that negatively impact aviation safety and security, and changes in laws and regulations that impact our business and other factors, as described in the Company's fil

Signatures

Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. ALASKA AIR GROUP, INC. Registrant Date: October 1, 2024 /s/ KYLE B. LEVINE Kyle B. Levine Senior Vice President, Legal, General Counsel and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR