On October 1, 2024, Alaska Air Group, Inc. announced the pricing of a private offering of $1.25 billion in Senior Secured Notes and a senior secured Term Loan B, collectively known as the Loyalty Financings. The offering, managed by AS Mileage Plan IP, Ltd., a subsidiary of Alaska Air Group, includes $625 million of 5.021% notes due 2029 and $625 million of 5.308% notes due 2031, along with a $750 million term loan due 2031. The proceeds are intended to fund the redemption of Hawaiian Airlines' existing debt following their merger, and for general corporate purposes. The Loyalty Financings are guaranteed by Alaska Air Group and secured by assets related to Alaska Airlines' customer loyalty program. The offering, targeted at qualified institutional buyers, is exempt from registration under the Securities Act of 1933. The closing of the Loyalty Financings is expected around October 15, 2024, subject to customary conditions.

On October 1, 2024, Alaska Air Group, Inc. announced the pricing of a private offering of $1.25 billion in Senior Secured Notes and a senior secured Term Loan B, collectively known as the Loyalty Financings. The offering, managed by AS Mileage Plan IP, Ltd., a subsidiary of Alaska Air Group, includes $625 million of 5.021% notes due 2029 and $625 million of 5.308% notes due 2031, along with a $750 million term loan due 2031. The proceeds are intended to fund the redemption of Hawaiian Airlines' existing debt following their merger, and for general corporate purposes. The Loyalty Financings are guaranteed by Alaska Air Group and secured by assets related to Alaska Airlines' customer loyalty program. The offering, targeted at qualified institutional buyers, is exempt from registration under the Securities Act of 1933. The closing of the Loyalty Financings is expected around October 15, 2024, subject to customary conditions.