LAS VEGAS, Aug. 29 /PRNewswire-FirstCall/ -- Allegiant Travel Company
(Nasdaq: ALGT) today announced that it has filed a universal shelf
registration statement on Form S-3 with the Securities and Exchange Commission
in connection with the offer and sale, from time to time on a delayed basis,
of up to $125,000,000 aggregate amount of its debt securities (including
convertible debt securities), common stock, preferred stock, depositary
shares, warrants for any of the preceding, stock purchase contracts, stock
purchase units, units consisting of combinations of the preceding, or
combinations of the preceding securities. These securities, which may be
offered in one or more offerings and in any combination, will in each case be
offered pursuant to a separate prospectus supplement issued at the time of the
particular offering that will describe the specific types, amounts, prices and
terms of the offered securities. Unless otherwise described in the applicable
prospectus supplement relating to the offered securities, the company
anticipates using the net proceeds of each offering to purchase additional
aircraft consistent with our growth strategy and acquisition criteria, for
other capital expenditures, for acquisitions, stock repurchases under existing
board authorized program or under share repurchase programs that may be
approved in the future and to fund working capital and general corporate
purposes. Although we have no present commitments for the purchase of
aircraft, we continue to seek to purchase suitable aircraft at reasonable
prices to expand our business. Nor have we identified any target acquisition
at the current time. Pending the use of the net proceeds from these offerings,
we intend to invest these funds in investment-grade, short-term interest
bearing securities.
A registration statement relating to these securities has been filed with
the Securities and Exchange Commission but has not yet become effective. These
securities may not be sold nor may offers to buy be accepted prior to the time
the registration statement becomes effective.