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Allegiant Travel Company Announces Filing of Amended Universal Shelf Registration Statement

Posted on: Tuesday, 21 April 2009, 13:18 CDT

LAS VEGAS, April 21 /PRNewswire-FirstCall/ -- Allegiant Travel Company (Nasdaq: ALGT) today announced that it has filed an amended universal shelf registration statement on Form S-3/A with the Securities and Exchange Commission in connection with the offer and sale, from time to time on a delayed basis, of up to $150,000,000 aggregate amount of its common stock, preferred stock, debt securities (including convertible debt securities), 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. This filing amends the company's previous universal shelf registration statement on Form S-3 filed with the Securities and Exchange Commission on August 29, 2008.

(Logo: http://www.newscom.com/cgi-bin/prnh/20060516/LATU102LOGO)

Of the securities registered, up to 2.25 million shares of common stock may be offered for sale by PAR Investment Partners, L.P., the company's second-largest shareholder, up to 100,000 shares may be offered for sale by Maurice J. Gallagher, Jr., the company's CEO and largest shareholder, up to 50,000 shares may be offered for sale by Timothy P. Flynn, a member of the company's board of directors, and up to 162,500 shares may be offered by non-affiliated stockholders.

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. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About the Company

Las Vegas-based Allegiant Travel Company (NASDAQ: ALGT) is focused on linking travelers in small cities to major leisure destinations such as Las Vegas, Orlando, Fla., Tampa/St. Petersburg, Fla., Phoenix-Mesa, Los Angeles and Fort Lauderdale, Fla. Through its subsidiary, Allegiant Air, 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. ALGT/G

Under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, statements in this press release that are not historical facts are forward-looking statements. These forward-looking statements are only estimates or predictions based on our management's beliefs and assumptions and on information currently available to our management. Forward-looking statements include our statements regarding future equity or debt offerings. Forward-looking statements include all statements that are not historical facts and can be identified by the use of forward-looking terminology such as the words "believe," "expect," "anticipate," "intend," "plan," "estimate", "project" or similar expressions.

Forward-looking statements involve risks, uncertainties and assumptions. Actual results may differ materially from those expressed in the forward-looking statements. Important risk factors that could cause our results to differ materially from those expressed in the forward-looking statements generally may be found in our periodic reports filed with the Securities and Exchange Commission at www.sec.gov. These risk factors include, without limitation, the effect of the economic downturn on leisure travel, increases in fuel prices, terrorist attacks, risks inherent to airlines, demand for air services to our leisure destinations from the markets served by us, our ability to implement our growth strategy, our fixed obligations, our dependence on our leisure destination markets, our ability to add, renew or replace gate leases, our competitive environment, problems with our aircraft, dependence on fixed fee customers, our reliance on our automated systems, economic and other conditions in markets in which we operate, governmental regulation, increases in maintenance costs and insurance premiums and cyclical and seasonal fluctuations in our operating results.

Any forward-looking statements are based on information available to us today and we undertake no obligation to update publicly any forward-looking statements, whether as a result of future events, new information or otherwise.

SOURCE Allegiant Travel Company

Source: PR Newswire

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