AERO TRADING GROUP Corp

Alaska upsizes senior notes offering to $1.25bn

Alaska upsizes senior notes offering to $1.25bnAlaska upsizes senior notes offering to $1.25bn Alaska has upsized its senior secured term loan B due 2031 – its loyalty term loan facility – to $1.25bn on October 1, 2024. The offering was previously priced at $750 million. The company expects to close the loyalty financings on October 15, 2024. Alaska’s upsized offering came in conjunction with it pricing its previously disclosed Mileage Plan offering on the same day. The loyalty-backed private offering consists of $625 million 5.021% senior secured notes due 2029 and $625 million 5.308% senior secured notes due 2031. The proceeds are expected to fund the reserve account for the notes, to redeem

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