Allegiant Air has closed a $213 million secured loan, the proceeds of which will be used to repay debt and general corporate purposes.
The balloon loan, due in 2024, is secured by 23 Airbus aircraft, a company filing shows.
The interest rate is variable and will be paid in quarterly installments.
Sumitomo Mitsui Banking Corporation and Banc of America Leasing & Capital are providing the debt, while Bank of Utah is agent on the transaction.
Source: Cirium Dashboard
Although the Pentagon has denied taking any part in the rebel offensive against Syrian leader Bashar al-Assad, Washington says it conducted what are described as “self-defence strikes” in Syria against unspecfied threats to US forces and their partners.
The defence giant’s chief financial officer says the company has secured a “handshake” agreement with the Pentagon on terms for the next round of F-35 orders, with a firm contract coming potentially by end-of-year.
Joby Aviation’s chief financial officer Matt Field will depart the electric aircraft developer in favour of a position with Oshkosh Corporation before year’s end.
