Allegiant Travel Company filed SEC Form 8-K: Entry into a Material Definitive Agreement, Completion of Acquisition or Disposition of Assets
$ALGT
Air Freight/Delivery Services
Consumer Discretionary
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
_____________________________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 4, 2025
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Registrant’s telephone number, including area code: (702 ) 851-7300
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||||||||
Common stock, par value $0.001 | ALGT | NASDAQ Stock Market | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as in Rule 405 of the Securities Act of 1933 (Section 17 CFR §230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (Section 17 CFR §240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Section 1 Registrant’s Business and Operations
Item 1.01 Entry into a Material Definitive Agreement.
On September 4, 2025, Allegiant Travel Company (the “Company”) and its Sunseeker subsidiaries entered into a Closing Agreement with affiliates of Blackstone Real Estate Group in connection with the closing of the sale of the Company’s Sunseeker Resort at Charlotte Harbor, Aileron Golf Course and related properties in Southwest Florida. See Item 2.01 below for more information related to the closing.
Section 2 Financial Information
Item 2.01 Completion of Acquisition or Disposition of Assets.
On September 4, 2025, the Company closed on the sale of its Sunseeker Resort at Charlotte Harbor, Aileron Golf Course and related properties in Southwest Florida to affiliates of Blackstone Real Estate Group. There is no material relationship, other than in respect of the transaction, between the buying entities and the Company or any of its affiliates. At closing, the Company received cash proceeds of $200,000,000 less various closing adjustments. The Company expects to use the proceeds of the transaction to pay down corporate debt and for other general corporate purposes
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, Allegiant Travel Company has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: September 5, 2025 | ALLEGIANT TRAVEL COMPANY | ||||||||||
| By: | /s/ Robert Neal | ||||||||||
| Name: | Robert Neal | ||||||||||
| Title: | Executive Vice President, Chief Financial Officer | ||||||||||