- Alaska Airlines (NYSE:ALK) secures nearly $1.2B in private loans that will be funded on or around July 2. The funding will help the company "further secure its financial stability" during the pandemic.
- The company will use 61 of its aircraft as collateral to back the debt: 26 Boeing 737-800s, 16 Boeing 737-900ERs, and 19 Embraer 175s.
- Series A ($966M) of the debt will be repaid by August 15, 2027. Series B ($208M) will be repaid by August 15, 2025.
- Alaska Air shares are up 3.6% pre-market to $37.