SOURCE: Allegiant Travel Company

Allegiant Travel Company

November 30, 2016 17:30 ET

Allegiant Travel Company Announces the Pricing of the Reopening of Its 5.50% Senior Notes Due 2019

LAS VEGAS, NV--(Marketwired - November 30, 2016) - Allegiant Travel Company (NASDAQ: ALGT) (the "Company") today announces the pricing of the reopening of its 5.50% senior notes due 2019 (the "notes"). Interest on the notes is payable semiannually on July 15 and January 15, commencing on January 15, 2017. The notes mature on July 15, 2019. The notes were issued at a price of 101.5% of the principal amount, plus accrued interest from July 15, 2016. The total aggregate principal amount outstanding following the offering will be $450 million.

The notes will be consolidated, form a single series, and be fully fungible with the outstanding 5.50% senior notes due 2019 issued on June 25, 2014 and will be general unsecured senior obligations of the Company, guaranteed by all of the Company's wholly owned domestic subsidiaries, and will rank equal in right of payment with all existing or future senior unsecured indebtedness of the Company and each guarantor.

The offering was made pursuant to an effective shelf registration statement filed with the U.S. Securities and Exchange Commission.

The Company intends to use the net proceeds for general corporate purposes.

Goldman, Sachs & Co. is acting as the sole book-running manager for the offering of the notes. The Company intends to file a final prospectus supplement with the SEC for the note offering to which this communication relates. When available, the final prospectus supplement may be obtained for free by visiting the SEC's website at www.sec.gov. or by contacting Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, NY 10282 (telephone: 1-866-471-2526, facsimile: 212-902-9316, or email prospectus-ny@ny.email.gs.com).

This press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offering will be made only by means of a preliminary prospectus supplement and the accompanying prospectus. The offering is not being made in any jurisdiction in which the offer, solicitation or sale thereof would be unlawful prior to registration or qualification under the blue sky or other laws of such jurisdiction.

Allegiant®

Las Vegas-based Allegiant (NASDAQ: ALGT) is focused on linking travelers in small cities to world-class leisure destinations. The airline offers industry-low fares on an all-jet fleet while also offering other travel-related products such as hotel rooms, rental cars and attraction tickets. All can be purchased only through the company website, Allegiant.com. Beginning with one aircraft and one route in 1999, the company has grown to over 80 aircraft and more than 300 routes across the country with base airfares less than half the cost of the average domestic roundtrip ticket. For downloadable press kit, including photos, visit: http://gofly.us/iiFa303wrtF.

Note: This news release was accurate at the date of issuance. However, information contained in the release may have changed. If you plan to use the information contained herein for any purpose, verification of its continued accuracy is your responsibility.

For further information please visit the Company's investor website: http://ir.allegiantair.com.

Reference to the Company's website above does not constitute incorporation of any of the information thereon into this news release.

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