Vedder Price Advises Allegiant Travel Company on Private Offering of $150 Million of Secured Notes
Vedder Price is pleased to announce that it advised Allegiant Travel Company (Allegiant), an integrated travel company with an airline at its heart, in connection with its Rule 144A/Regulation S offering of $150 million of 8.500% Senior Secured Notes due 2024. The notes and the related guarantees are secured by security interests in substantially all of the property and assets of Allegiant and the note guarantors, excluding aircraft, aircraft engines and certain other assets. Allegiant will use the net proceeds from the notes for general corporate purposes.
Kevin A. MacLeod, Shareholder and Head of the New York Capital Markets Group, led Vedder Price team, which also included Global Transportation Finance Shareholder Ronald Scheinberg, Capital Markets Shareholder John T. Blatchford, Tax Shareholder Andrew Falevich and Associates Amir Heyat and Jeremy Tudin.
The notes and the related guarantees have not been and will not be registered under the U.S. Securities Act of 1933, as amended (Securities Act), or the securities laws of any jurisdiction. The notes and the related guarantees were offered and sold only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act and outside the United States to non-U.S. persons in offshore transactions in reliance on Regulation S under the Securities Act.
Vedder Thinking | News Vedder Price Advises Allegiant Travel Company on Private Offering of $150 Million of Secured Notes
Press Release
October 16, 2020
Vedder Price is pleased to announce that it advised Allegiant Travel Company (Allegiant), an integrated travel company with an airline at its heart, in connection with its Rule 144A/Regulation S offering of $150 million of 8.500% Senior Secured Notes due 2024. The notes and the related guarantees are secured by security interests in substantially all of the property and assets of Allegiant and the note guarantors, excluding aircraft, aircraft engines and certain other assets. Allegiant will use the net proceeds from the notes for general corporate purposes.
Kevin A. MacLeod, Shareholder and Head of the New York Capital Markets Group, led Vedder Price team, which also included Global Transportation Finance Shareholder Ronald Scheinberg, Capital Markets Shareholder John T. Blatchford, Tax Shareholder Andrew Falevich and Associates Amir Heyat and Jeremy Tudin.
The notes and the related guarantees have not been and will not be registered under the U.S. Securities Act of 1933, as amended (Securities Act), or the securities laws of any jurisdiction. The notes and the related guarantees were offered and sold only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act and outside the United States to non-U.S. persons in offshore transactions in reliance on Regulation S under the Securities Act.
