Allegiant Travel announces exercise of underwriters' overallotment option
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Allegiant Air
Allegiant Travel Company announced that underwriters have exercised the overallotment option of 592,500 shares granted by the Company as part of its recent public offering of common stock that was priced on May 23, 2007.
Including the 155,714 shares originally sold by the Company at the initial closing of the offering on May 30, 2007, total proceeds to the Company totaled approximately $22.3 million after deducting underwriting discounts and commission and estimated offering expenses. The proceeds will be used for general corporate purposes, including working capital.
Merrill Lynch & Co. acted as sole book-running manager for the offering. Bear Stearns & Co and Raymond James served as co-managers. A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on May 23, 2007.
The common stock offering may be made only by means of a prospectus, copies of which may be obtained by contacting Merrill Lynch & Co.
Las Vegas-based Allegiant Travel Company (Nasdaq: ALGT), is focused on linking travelers in small cities to world-class leisure destinations such as Las Vegas, Nev., Orlando, Fla. and Tampa/St. Petersburg, Fla. Through its subsidiary, Allegiant Air, LLC, the Company operates a low-cost, high-efficiency, all-jet passenger airline offering air travel both on a stand-alone basis and bundled with hotel rooms, rental cars and other travel related services.
Date published: 19-Jun-07
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Allegiant Travel announces exercise of underwriters' overallotment option 
