Alaska Air Group (ALK) is looking to issue $1.5 billion in debt to refinance amounts borrowed for the purchase of Hawaiian Holdings, Bloomberg reported Tuesday.
The debt will be issued via Alaska Air subsidiary AS Mileage Plan IP in two parts, with the longer portion of the offering being a seven-year note, the report said citing a person with knowledge of the matter.
The airline's unit is also seeking commitments for a $750 million loan with a seven-year maturity, the report added.
Alaska Air did not immediately respond to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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