Allegiant Travel Company Announces Proposed $250 Million Senior Unsecured Notes Offering

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May 18, 2010, 12:53 ET

LAS VEGAS, May 18 /PRNewswire-FirstCall/ -- Allegiant Travel Company (Nasdaq: ALGT) today announced that it is offering $250 million aggregate principal amount of senior unsecured notes due 2017 to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the "Securities Act") and outside the United States in accordance with Regulation S under the Securities Act. The notes will be guaranteed by the company's current and future wholly-owned domestic subsidiaries.

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The company plans to use the proceeds from the offering to pay for the balance of the purchase price and induction costs for the MD 80 and Boeing 757 aircraft under contract, to make principal payments on existing debt which are payable in 2010 and 2011 and utilize remaining proceeds for other asset acquisitions, mergers or acquisitions and general corporate purposes.

This notice does not constitute an offer to sell or the solicitation of an offer to buy securities. Any offers of the securities will be made only by means of a private offering memorandum. The notes have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. ALGT/G

Media Inquiries:

Tyri Squyres | Allegiant Travel Company | Phone: 702-851-7370 | [email protected]

Investor Inquiries:

Andrew Levy | Allegiant Travel Company | Phone: 702-851-7306 | [email protected]

Certain statements and information included in this release may constitute "forward looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of Allegiant Travel Company to be materially different from any future results, performance, or achievements expressed or implied in such forward looking statements. Additional discussion of factors that could cause actual results to differ materially from management's projections, forecasts, estimates and expectations is contained in the company's SEC filings. The company does not undertake any obligation to update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Allegiant Travel Company