form8-k.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
FORM
8-K
CURRENT
REPORT PURSUANT
TO
SECTION 13 OR 15(D) OF THE
SECURITIES
EXCHANGE ACT OF 1934
March
31, 2010
(Date of
earliest event reported)
(Exact
Name of Registrant as Specified in Its Charter)
Delaware
(State or
Other Jurisdiction of Incorporation)
|
1-8957
|
91-1292054
|
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
|
19300
International Boulevard, Seattle, Washington
|
98188
|
|
(Address
of Principal Executive Offices)
|
(Zip
Code)
|
(Registrant’s
Telephone Number, Including Area Code)
(Former
Name or Former Address, if Changed Since Last Report)
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 (see General Instruction A.2.
below):
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
1.01 Entry
into a Material Definitive Agreement
On March
31, 2010, Alaska Airlines, Inc. finalized two separate $100 million
variable-rate credit facilities with a syndicate of financial
institutions.
Borrowings
on one of the $100 million facilities will be secured by aircraft
collateral. The syndicate for this facility is led by Citibank, N.A.
as administrative agent and Bank of America, N.A. as syndication agent, and
includes Societe Generale. This facility will expire in March
2013.
Borrowings
on the other $100 million facility will be secured by certain accounts
receivable, spare engines, spare parts and ground service
equipment. The syndicate for this facility is led by Wells Fargo
Capital Finance, LLC, part of Wells Fargo & Company (NYSE:WFC), as agent and
US Bank National Association as documentation agent, and includes Bank
SinoPac. This facility will expire in March 2014.
These
facilities replace the Company's $185 million credit facility that terminated
March 30, 2010. The Company has no immediate plans to borrow using
either of these credit facilities.
Signatures
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.
ALASKA AIR GROUP,
INC.
Registrant
Date:
April 2, 2010
/s/ Brandon S.
Pedersen
Brandon
S. Pedersen
Vice
President/Finance and Controller
/s/ Glenn S.
Johnson
Glenn S.
Johnson
Executive
Vice President/Finance and Chief Financial Officer