Alaska Air Group Has Launched A Private Offering Of Senior Secured Notes Due 2029 And Senior Secured Notes Due 2031
Portfolio Pulse from Benzinga Newsdesk
Alaska Air Group has announced a private offering of senior secured notes due 2029 and 2031, secured by its customer loyalty program.
September 30, 2024 | 12:48 pm
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POSITIVE IMPACT
Alaska Air Group is issuing senior secured notes due 2029 and 2031, secured by its Mileage Plan loyalty program. This move could strengthen its financial position by raising capital.
The issuance of senior secured notes indicates Alaska Air Group's strategy to raise capital, potentially improving its liquidity and financial stability. The backing by the Mileage Plan suggests strong collateral, which could be viewed positively by investors.
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