Allegiant Travel announces pricing for public offering of common stock
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North America,
Allegiant Air
Allegiant Travel Company, parent of Allegiant Air, announced that its public offering of 3,950,000 shares of common stock was priced at USD31.75 per share.
In the offering, 3,794,286 shares of common stock are to be sold by selling stockholders identified in the Prospectus with the remaining 155,714 shares being sold by Allegiant. Allegiant has granted the underwriters a 30-day option to purchase up to an additional 592,500 shares of common stock to cover overallotments, if any.
Merrill Lynch & Co acted as the sole book-running manager for the offering. Bear Stearns & Co Inc and Raymond James served as co-managers. Proceeds to Allegiant from the offering are expected to be approximately USD4.3 million or USD22.3 million if the underwriters exercise their overallotment option in full, after deducting the underwriting discounts and commission and the estimated offering expenses. The proceeds from the offering will be used for general corporate purposes, including working capital.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on 23-May-07. This release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
The common stock offering may be made only by means of a prospectus, copies of which may be obtained through Merrill Lynch & Co.
Date posted: 25-May-07
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Allegiant Travel announces pricing for public offering of common stock 
