SOURCE: Allegiant Travel Company

Allegiant Travel Company

September 13, 2016 16:00 ET

Allegiant Travel Company Announces the Public Offering of $300 Million of Senior Notes

LAS VEGAS, NV --(Marketwired - September 13, 2016) - Allegiant Travel Company (NASDAQ: ALGT) (the "Company") today announced the proposed offering of $300 million aggregate principal amount of senior notes due 2023 (the "notes"). The interest rate, maturity and other terms of the notes will be determined at pricing. The public offering will be made pursuant to an effective shelf registration statement previously filed with the U.S. Securities and Exchange Commission on June 13, 2014.

The notes being offered 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 Company intends to use the net proceeds for general corporate purposes including financing of capital expenditures such as aircraft acquisitions, pre-delivery deposits, purchase prices of twelve newly manufactured CFM powered A320 aircraft expected to be delivered in 2017 and 2018, share repurchases or repayment of indebtedness.

Morgan Stanley & Co. LLC 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 Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014.

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, Travel is our deal.®

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 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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