MUFG closes senior secured revolving credit facility
The USD 100 million revolving credit facility will provide Allegiant with additional liquidity and support the acquisition of their orderbook of Boeing 737 MAX aircraft.
New York, September 6, 2022 – Mitsubishi UFJ Financial Group ( MUFG) is pleased to announce the closing of a senior secured revolving credit facility for Allegiant Travel Company (“Allegiant”), where the bank acted as Arranger and Bookrunner.
The facility will provide Allegiant with the flexibility to include both aircraft and engines from their orderbook or from the existing fleet.
“We are very pleased with the outcome of this revolving credit facility,” says Robert Neal, Senior Vice President and Treasurer at Allegiant. “MUFG has been a great partner in helping us build out a facility that supports our orderbook, a key pillar of our overall strategy.”
“Allegiant is a very important client for our aviation franchise,” says Benoist de Vimal, Head of Aviation Originations in the Americas at MUFG. “We appreciate Allegiant’s collaboration and look forward to supporting the team with their needs.”
MUFG has also acted as Joint Bookrunner of Allegiant’s most recent Senior Secured Bond.
Allegiant – Together We Fly™
Las Vegas-based Allegiant (NASDAQ: ALGT) is an integrated travel company with an airline at its heart, focused on connecting customers with the people, places and experiences that matter most. Since 1999, Allegiant Air has linked travelers in small-to-medium cities to world-class vacation destinations with all-nonstop flights and industry-low average fares. Today, Allegiant's fleet serves communities across the nation, with base airfares less than half the cost of the average domestic round-trip ticket. For more information, visit us at Allegiant.com . Media information, including photos, is available at http://gofly.us/iiFa303wrtF .
About Mitsubishi UFJ Financial Group, Inc.’s U.S. Operations including MUFG Americas Holdings Corporation
The U.S. operations of Mitsubishi UFJ Financial Group, Inc. (MUFG), one of the world’s leading financial groups, has total assets of $332.4 billion at March 31, 2022. As part of that total, MUFG Americas Holdings Corporation (MUAH), a financial holding company, bank holding company, and intermediate holding company, has total assets of $159.2 billion at March 31, 2022. MUAH’s main subsidiaries are MUFG Union Bank, N.A. and MUFG Securities Americas Inc. MUFG Union Bank, N.A. provides a wide range of financial services to consumers, small businesses, middle-market companies, and major corporations. As of March 31, 2022, MUFG Union Bank, N.A. operated 297 branches, consisting primarily of retail banking branches in the West Coast states. MUFG Securities Americas Inc. is a registered securities broker-dealer which engages in capital markets origination transactions, domestic and foreign debt and equities securities transactions, private placements, collateralized financings, and securities borrowing and lending transactions. MUAH is owned by MUFG Bank, Ltd. and Mitsubishi UFJ Financial Group, Inc. MUFG Bank, Ltd., a wholly owned subsidiary of Mitsubishi UFJ Financial Group, Inc., has offices in Argentina, Brazil, Chile, Colombia, Peru, Mexico, and Canada. Visit www.mufgamericas.com for more information.
About MUFG
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,400 locations in more than 50 countries. The Group has about 170,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to “be the world’s most trusted financial group” through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges. For more information, visit https://www.mufg.jp/english.