ALLEGIANT TRAVEL COMPANY ANNOUNCES EARLY TENDER RESULTS AND RECEIPT OF CONSENTS FROM THE HOLDERS OF A MAJORITY OF THE OUTSTANDING PRINCIPAL AMOUNT OF ITS 7.250% SENIOR SECURED NOTES DUE 2027

LAS VEGAS, June 23, 2026 /PRNewswire/ — Allegiant Travel Company (NASDAQ: ALGT) (the “Company,” “we,” “us,” or “our”) introduced at this time that it has obtained for buy $377,534,000 combination principal quantity of its excellent 7.250% Senior Secured Notes Due 2027 (the “Notes”) validly tendered (and never validly withdrawn) by 5:00 p.m., New York City time, on June 23, 2026 (the “Early Tender Deadline”), and has obtained consents (the “Consents”) from holders (every a “Holder” and collectively the “Holders) of a majority (93.68%) of the aggregate principal amount of the Notes outstanding as of the Early Tender Deadline pursuant to the Company’s tender offer (the “Tender Offer”) to purchase for cash any and all of its outstanding $403,009,000 remaining aggregate principal amount of Notes and solicitation of consents (the “Consent Solicitation”) to proposed amendments (the “Proposed Amendments”) to the Indenture, dated August 17, 2022 (the “Indenture”), which governs the Notes.

Information associated to the Notes, the mixture principal quantity of Notes validly tendered (and never validly withdrawn) by the Early Tender Deadline, and different info referring to the Tender Offer and Consent Solicitation are listed within the desk under. 

The phrases and situations of the Tender Offer and Consent Solicitation are described in better element within the Offer to Purchase and Consent Solicitation Statement, dated June 9, 2026 (the “Statement”), which Holders ought to fastidiously learn earlier than making any choice with respect to the Tender Offer and Consent Solicitation.

With respect to the Notes validly tendered and never validly withdrawn at or previous to the Early Tender Deadline, the Company has elected to have an preliminary settlement date with cost for such Notes anticipated to happen on June 24, 2026 (until prolonged by the Company) (the “Initial Settlement Date”), topic to the satisfaction of sure situations described within the Statement, together with the Company efficiently finishing a number of debt financings.  

Holders who validly tendered their Notes and thereby delivered their consents at or previous to the Early Tender Deadline are eligible to obtain complete consideration (the “Total Consideration”) of $1,005.00 per $1,000 principal quantity of Notes, which incorporates the consideration for the Notes validly tendered (and never validly withdrawn), pursuant to the Statement, of $955.00 per $1,000 principal quantity of such Notes (the “Tender Offer Consideration”) and the early tender premium of $50.00 per $1,000 principal quantity of such Notes (the “Early Tender Premium”).  Holders will need to have validly tendered and never validly withdrawn their Notes, and have their Notes accepted for buy within the Tender Offer, at or previous to the Early Tender Deadline as a way to be eligible to obtain the Total Consideration.

Holders who validly tender their Notes after the Early Tender Deadline, however at or prior to five:00 p.m., New York City time, on July 9, 2026, until prolonged or earlier terminated by the Company (such time and date as the identical could also be prolonged or earlier terminated, the “Expiration Time”) will likely be eligible to obtain solely the Tender Offer Consideration for such Notes if such Notes are accepted for buy, and won’t be entitled to the Early Tender Premium.

A Holder can’t ship a consent with respect to the Notes with out tendering its corresponding Notes or tender its Notes with out delivering a corresponding consent.  Holders of Notes who tender their Notes will likely be deemed by advantage of such tender to have delivered their consent to the Proposed Amendments.

The Consents obtained as of the Early Tender Deadline are enough to impact all the Proposed Amendments as set forth within the Statement. 

Subject to the satisfaction of the situations described within the Statement, the Company intends to execute a complement to the Indenture (the “First Supplemental Indenture”) on the Initial Settlement Date as a way to impact the Proposed Amendments.  The Proposed Amendments remove a lot of the restrictive covenants and sure occasions of default relevant to the Notes, scale back the minimal discover interval required for redemptions of the Notes from 30 days as presently required by the Indenture to three enterprise days and amend sure different provisions relevant to the Notes.  The First Supplemental Indenture is described in better element within the Statement.  The Proposed Amendments will turn into operative pursuant to the First Supplemental Indenture solely upon the Company’s buy of a majority of the excellent Notes which have been validly tendered (and never validly withdrawn) pursuant to the Tender Offer. 

Holders whose Notes are accepted for buy pursuant to the Tender Offer will obtain accrued and unpaid curiosity from the final curiosity cost date on such bought Notes as much as, however not together with, the date on which such Notes are bought.

With respect to any Notes not bought within the Tender Offer, the Company could select, however has no obligation, to fulfill and discharge the Indenture by sending a discover of redemption to the Trustee beneath the Indenture for the redemption of all excellent Notes on August 15, 2026, at a worth equal to 100.00% of the mixture principal quantity of the Notes to be redeemed, plus accrued and unpaid curiosity as much as, however not together with, the date of redemption.

Holders who tender their Notes after the Early Tender Deadline, however on or previous to the Expiration Time, could not withdraw their tendered Notes, besides in sure restricted circumstances the place further withdrawal rights are required by regulation.  A sound withdrawal of tendered Notes will represent the concurrent legitimate revocation of such Holder’s associated consent.

The Company has retained Barclays Capital Inc. to behave as dealer-manager and solicitation agent for the Tender Offer and Consent Solicitation.  Global Bondholder Services Corporation is appearing because the Information Agent and the Tender Agent for the Tender Offer and Consent Solicitation.  Questions relating to the Tender Offer and Consent Solicitation needs to be directed to Barclays Capital Inc. at (212) 528-7581 (acquire) or (800) 438-3242 (toll-free).  Requests for documentation needs to be directed to Global Bondholder Services Corporation at (855) 654-2014 (toll-free), (212) 430-3774 (banks and brokers) or [email protected].

This press launch doesn’t represent a discover of redemption with respect to the Notes.

This press launch shouldn’t be a suggestion to purchase any securities and doesn’t represent a solicitation of consents of Holders and shall not be deemed a suggestion to purchase or a solicitation of consents with respect to every other securities of the Company.  The Tender Offer and Consent Solicitation is being made solely pursuant to the Statement.  All statements herein relating to the phrases of the Tender Offer and Consent Solicitation, the Proposed Amendments, the First Supplemental Indenture and the Indenture are certified of their entirety by reference to the textual content of the Statement, the First Supplemental Indenture and the Indenture.

Allegiant – Together We Fly™

Las Vegas-based Allegiant (NASDAQ: ALGT) is an built-in journey firm with an airline at its coronary heart, targeted on connecting prospects with the individuals, locations and experiences that matter most.  Through Allegiant Air and Sun Country Airlines, the corporate serves roughly 22 million annual prospects throughout scheduled passenger, constitution and cargo operations.  Together, the airways function greater than 650 routes serving practically 175 cities all through the United States and choose worldwide locations.  Allegiant is dedicated to offering inexpensive journey choices, operational excellence and long-term worth for purchasers, staff, communities and shareholders.  For extra info, go to Allegiant.com.  Media info, together with images, is on the market at

Media Inquiries: [email protected]

Investor Inquiries: [email protected]

No Offer or Solicitation

This press launch is for informational functions solely and doesn’t represent a suggestion to promote or the solicitation of a suggestion to purchase the Notes or every other securities and shall not represent a suggestion to promote or solicitation of a suggestion to purchase, or a sale of, the Notes or every other securities in any jurisdiction in contravention of relevant regulation.  This press launch doesn’t represent a discover of redemption with respect to the Notes.

Forward-Looking Statements

This communication comprises forward-looking statements beneath the protected harbor provisions of Section 21E of the Securities Exchange Act of 1934, Section 27A of the Securities Act of 1933 and the Private Securities Litigation Reform Act of 1995. Forward-looking statements embrace all statements that aren’t historic information and sometimes may be recognized by means of forward-looking terminology such because the phrases “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate”, “project”, “hope” or comparable expressions. Forward-looking statements on this communication are primarily based on Allegiant’s present expectations in regards to the Tender Offer and sure assumptions made by Allegiant, all of that are topic to alter.

Such forward-looking statements additionally embrace statements associated to the Tender Offer described herein, together with the Expiration Time, the Early Tender Deadline, the Initial Settlement Date, the doable completion of the Tender Offer and Consent Solicitation and any intention to redeem the Notes.  When contemplating forward-looking statements, a reader ought to consider the chance elements and different cautionary statements included and integrated by reference within the Statement. Should a number of of the dangers and uncertainties described or integrated by reference within the Statement happen, or ought to underlying assumptions show incorrect, our precise outcomes and plans might differ materially from these expressed in any forward-looking statements.  Accordingly, there are or will likely be necessary elements that would trigger precise outcomes to vary materially from these indicated in such statements and, due to this fact, you shouldn’t place undue reliance on any such statements and warning should be exercised in counting on forward-looking statements.

Forward-looking statements on this communication are certified by and needs to be learn along with, the chance elements referenced above and the chance elements included in Allegiant’s annual and quarterly reviews as filed with the Securities and Exchange Commission, and readers ought to seek advice from such dangers, uncertainties and danger elements in evaluating such forward-looking statements.

The forward-looking statements on this communication are made solely as of the date they had been first issued, and until in any other case required by relevant securities legal guidelines, Allegiant disclaims any intention or obligation to replace or revise any forward-looking statements, whether or not because of new info, future occasions, or in any other case.

SOURCE Allegiant Travel Company