On August 17, 2022, Allegiant Travel Company issued $550.0 million in aggregate principal amount of its 7.250% Senior Secured Notes due 2027 (the Notes") pursuant to an Indenture, dated as of August 17, 2022
(the Indenture"), among the Company, the Guarantors (as defined below) and Wilmington Trust, National Association, as trustee (in such capacity, the Trustee") and collateral agent (the Collateral Agent"). The
Notes are guaranteed (the Note Guarantees") by the subsidiaries of the Company party to the Indenture as guarantors (the Guarantors"). The Notes bear interest at a rate of 7.250% per annum, payable in cash on February 15 and August 15 of each year, beginning February 15, 2023. The Notes will mature on August 15, 2027. The Notes and Note Guarantees are secured by first priority security interests in, subject to permitted liens,
substantially all of the property and assets of the Company and the Guarantors (excluding aircraft, aircraft engines, real property and certain other assets) (the Collateral"). The collateral also secures the Company's existing $150.0 million 8.500% Senior Secured Notes due 2024 and the Company's new Revolving Credit Facility (as defined below), on a pari passu basis. The Company will use the net proceeds from the sale of the Notes to
repay the Company's Term Loan B, which has an outstanding principal amount of $533 million, and to pay costs and expenses of the transaction and will use the balance for general corporate purposes. The Company also entered into a credit agreement that provides a senior secured revolving loan facility of $75.0 million (the Revolving Credit and Guaranty Agreement") with certain lenders and Barclays Bank PLC as administrative agent and lead arranger. Under the Revolving Credit and Guaranty Agreement, the Company may borrow up to $75.0 million (the Revolving Credit Facility"). The Company's obligations under the Revolving Credit Facility are guaranteed by the same Guarantors that guarantee the Notes, are secured by the same collateral that secures the Notes and are subject to substantially the same covenants as applicable under the Indenture.