Allegiant Travel to issue new bonds

|About: Allegiant Travel Company (ALGT)|By:, SA News Editor

Allegiant Travel (ALGT -0.7%) announces it will price $300M of senior note due in 2019 at par with a coupon of 5.50%.

The company says proceeds from the sale will be used in part to fund aircraft acquisitions.

Airline companies have been more aggressive with their capital spending over the last quarter