Alaska Air Group announces proposed Mileage Plan financing
Alaska Air(ALK) Prnewswire·2024-09-24 00:42
SEATTLE, Sept. 23, 2024 /PRNewswire/ -- Alaska Air Group, Inc. (the "Company") today announced that it launched a proposed senior secured term loan facility and intends to issue additional pari passu senior secured debt (collectively, the "Mileage Plan Financing"). The aggregate principal amount of the Mileage Plan Financing is expected to be $1.5 billion.The borrower under the Mileage Plan Financing is AS Mileage Plan IP Ltd. ("Borrower"), an exempted company incorporated with limited liability under the ...