Reported Earlier, Alaska Air Group Priced $1.25B Upsized Senior Secured Notes Offering (Up From Prior $750M)
Portfolio Pulse from Benzinga Newsdesk
Alaska Air Group has increased its senior secured notes offering to $1.25 billion from $750 million. The proceeds will be used to fund a reserve account, a collection account, and an intercompany loan to Alaska Airlines, which will repay debt from its merger with Hawaiian Airlines.
October 02, 2024 | 6:58 am
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Alaska Air Group has increased its senior secured notes offering to $1.25 billion. The funds will be used to repay debt from its merger with Hawaiian Airlines and support liquidity.
The increase in the notes offering suggests strong demand and provides Alaska Air Group with additional capital to manage its debt and liquidity, which is positive for the company's financial health.
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