Daily News: April 15, 2014

Reuters: Wells Fargo Provides Refi for Allegiant Travel

Reuters reported Allegiant Travel Company pre-paid the company’s $125 million senior secured term loan facility and borrowed $45.3 million from Wells Fargo Bank.

According to Reuters , the elimination of the term loan unencumbers 53 MD-80 aircraft, as well as four 757 aircraft; the company pledged the MD-80s as collateral under the Wells Fargo loan.

To read the entire Reuters article, click here.