Allegiant Travel CO 8-K, filed Mar 26, 2021
Allegiant Travel CO (ALGT)
8-K
2021-03-26
For: 2021-03-23
View Original
Added on
April 07, 2026
About this 8-K
Allegiant Travel CO filed this 8-K on March 26, 2021, reporting on events of March 23, 2021.
Items reported
- Item 2.03: New debt or off-balance-sheet obligation
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): March 23, 2021
| (Exact name of registrant as specified in its charter) | ||||||||||||||||||||||||||||||||
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||||||||||||||||||||
| (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:
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 $.001 | ALGT | NASDAQ Stock Market | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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.
Allegiant Travel Company (the “Company”), through its wholly-owned subsidiaries, on March 23, 2021, closed on finance lease agreements to refinance three A320 family aircraft resulting in $50.2 million of net proceeds with a lease period averaging 109 months. The net proceeds reflect the use of proceeds to repay existing debt on the aircraft. The remaining proceeds will be used to pay off the remaining balance of the Company’s revolving debt facility.
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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: March 26, 2021 | ALLEGIANT TRAVEL COMPANY | ||||||||||
| By: | /s/ Gregory C. Anderson | ||||||||||
| Name: | Gregory C. Anderson | ||||||||||
| Title: | Chief Financial Officer | ||||||||||
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