On June 14, 2019 Allegiant Travel Company (the “Company”), through a wholly owned subsidiary, borrowed $43.4 million under a financing agreement secured by spare engines. The borrowing bears interest at a variable rate and will be payable in quarterly installments with a final balloon payment due in September 2026. The proceeds from the loan will be used for general corporate purposes.

About Allegiant Travel Company (NASDAQ:ALGT)

Allegiant Travel Company is a leisure travel company. The Company is focused on providing travel services and products to residents of under-served cities in the United States. Its products and services include scheduled service air transportation, air-related ancillary products and services, third-party ancillary products and services, fixed fee contract air transportation and other revenue. It provides scheduled air transportation on limited-frequency non-stop flights between under-served cities and leisure destinations. It provides unbundled air-related services and products with air transportation. The Company offers third-party travel products, such as hotel rooms, ground transportation and show tickets. Its fixed fee contract air transportation includes providing air transportation through fixed fee agreements and charter service on a year-round and ad-hoc basis. The Company’s other revenue includes leased out aircraft and flight equipment, and other miscellaneous sources.