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Allegiant Travel Company (NASDAQ:ALGT) announced Monday that it has entered into an agreement to sell its Sunseeker Resort Charlotte Harbor, Aileron Golf Course, and related properties in Southwest Florida to affiliates of Blackstone (NYSE:BX) Real Estate Group. The sale price is set at $200 million in cash, payable at closing, which is scheduled for September 2025, subject to customary closing conditions and potential adjustments as specified in the agreement.
The company stated that the definitive agreement for the sale was signed on July 3, and the transaction includes the resort and golf course assets held by Allegiant’s Sunseeker subsidiaries. Allegiant said it intends to file the full agreement as an exhibit to its quarterly report for the period ending September 30, 2025.
In a separate development, Allegiant reported that on July 1 and July 2, it borrowed $158.6 million through subsidiaries under previously disclosed credit facilities secured by Boeing (NYSE:BA) 737-MAX aircraft. The loans carry floating interest rates and require quarterly payments over a 12-year term. The company said approximately $151 million in loan commitments remain available under these aircraft loan facilities.
According to Allegiant, the funds from these loans will be used to finance scheduled aircraft deliveries, prepay outstanding debt during the third quarter of 2025, and for other general corporate purposes.
This information is based on a press release statement included in a filing with the Securities and Exchange Commission.
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