Debevoise & Plimpton LLP has advised Alaska Air Group in connection with its loyalty program financing comprising the issuance of $625 million aggregate principal amount of 5.021% Senior Secured Notes due 2029 and $625 million aggregate principal amount of 5.308% Senior Secured Notes due 2031 and the incurrence of a new $750 million senior secured term loan facility. For more information, please see Alaska’s press release.

Debevoise has also advised Alaska Air Group in connection with a new $850 million secured revolving credit facility that closed on September 20, 2024.

Alaska Air Group is based in Seattle and is comprised of subsidiaries Alaska Airlines, Hawaiian Holdings, Horizon Air and McGee Air Services.

The Debevoise team advising on the loyalty program financing was led by aviation finance partner Brian Liu and capital markets partner Eric Juergens and includes aviation finance international counsel Dmitry Karamyslov and associates Vitali Anfimov, Irina Nikolaieva and Matthew Walsh, capital markets associates Lannette Hughes, Amy Pereira, Keith Stackhouse and law clerk Cindy Tu, restructuring partners Jasmine Ball and Sidney Levinson and associate Michael Godbe, finance partner Paul Brusiloff and corporate staff attorney Christopher Wolfring, and tax counsel Ben Lee Friedman and associate Corey Mavleos.

The Debevoise team advising on the secured revolving credit facility was led by aviation finance partner Brian Liu and includes international counsel Dmitry Karamyslov and associate Vitali Anfimov, and tax counsel Ben Lee Friedman, associate Corey Mavleos and corporate staff attorney Christopher Wolfring.