Allegiant Travel Co. Reports New Financial Obligation
Ticker: ALGT · Form: 8-K · Filed: Dec 31, 2024 · CIK: 1362468
Sentiment: neutral
Topics: debt, financial-obligation
Related Tickers: ALGT
TL;DR
ALGT just took on a new financial obligation, details TBD.
AI Summary
Allegiant Travel Company (ALGT) filed an 8-K on December 24, 2024, reporting the creation of a direct financial obligation. The filing indicates a new debt or financial commitment was entered into by the company on this date. Specific details regarding the nature and amount of the obligation are not provided in this summary section of the filing.
Why It Matters
This filing signals a new financial commitment for Allegiant Travel, which could impact its debt levels and future financial flexibility.
Risk Assessment
Risk Level: medium — The creation of a new financial obligation can increase a company's leverage and potentially impact its financial flexibility, warranting a medium risk assessment.
Key Players & Entities
- Allegiant Travel Company (company) — Registrant
- ALGT (company) — Ticker Symbol
- Nevada (jurisdiction) — State of incorporation
- December 24, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the direct financial obligation reported by Allegiant Travel Company?
The filing states the creation of a direct financial obligation but does not specify the nature of this obligation in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on December 24, 2024.
What is Allegiant Travel Company's state of incorporation?
Allegiant Travel Company is incorporated in Nevada.
What is the principal executive office address for Allegiant Travel Company?
The principal executive offices are located at 1201 North Town Center Drive, Las Vegas, NV 89144.
What is the SEC file number for Allegiant Travel Company?
The SEC file number for Allegiant Travel Company is 001-33166.
Filing Stats: 467 words · 2 min read · ~2 pages · Grade level 12 · Accepted 2024-12-31 14:00:52
Key Financial Figures
- $0.001 — ich registered Common stock, par value $0.001 ALGT NASDAQ Stock Market Indicate b
- $293 million — ries received proceeds of approximately $293 million under debt facilities entered into betw
- $2.08 billion — mpany expects total debt balances to be $2.08 billion at year-end 2024. SIGNATURE Pursuan
Filing Documents
- algt-20241224.htm (8-K) — 31KB
- algt-20241224_g1.jpg (GRAPHIC) — 82KB
- 0001362468-24-000065.txt ( ) — 342KB
- algt-20241224.xsd (EX-101.SCH) — 2KB
- algt-20241224_lab.xml (EX-101.LAB) — 19KB
- algt-20241224_pre.xml (EX-101.PRE) — 11KB
- algt-20241224_htm.xml (XML) — 3KB
From the Filing
algt-20241224 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 24, 2024 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 2 Financial Information Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. During the fourth quarter of 2024, Allegiant Travel Company (the "Company") through its wholly owned subsidiaries received proceeds of approximately $293 million under debt facilities entered into between September 2023 and December 2024. All of the debt bears interest at floating rates based on SOFR. A portion of the debt will mature in December 2025 and the remainder of the debt will be payable in installments through 2036. All proceeds were used to refinance existing indebtedness and the Company expects total debt balances to be $2.08 billion at year-end 2024. 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 31, 2024 ALLEGIANT TRAVEL COMPANY By: /s/ Robert Neal Name: Robert Neal Title: Chief Financial Officer