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BRIEF-Allegiant travel's unit borrows $34 million under a loan agreement
May 18, 2017 / 8:11 PM / 3 months ago

BRIEF-Allegiant travel's unit borrows $34 million under a loan agreement

May 18 (Reuters) - Allegiant Travel Co

* On May 15, 2017, co through unit, borrowed $34 million under a loan agreement secured by one newly manufactured Airbus A320 aircraft

* Note bears interest at a floating rate based on LIBOR and will be payable in quarterly installments through may 2027

* Proceeds from loan will be used to pay remaining purchase price for aircraft Source text for Eikon: (bit.ly/2qX39qp) Further company coverage:

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