Debevoise Advised Alaska Airlines and Horizon in Their Inaugural EETC Offering

28 August 2020

Debevoise & Plimpton LLP advised Alaska Air Group, Inc. (“Alaska”), Alaska Airlines, Inc. (“Alaska Airlines”) and Horizon Air Industries, Inc. (“Horizon”) in Alaska Airlines’ and Horizon’s $1,173,919,000 offering of enhanced equipment trust certificates (“EETC”) guaranteed by Alaska and secured by 26 Boeing 737-890 aircraft, 16 Boeing 737-990ER aircraft, and 19 Embraer E175 LR aircraft. For more information, please see the company’s press release.

Alaska Airlines and its regional partners serve more than 115 destinations across the United States and North America, providing essential air service for its guests along with moving crucial cargo shipments, such as food, medicine, mail and e-commerce deliveries. Alaska Airlines and Horizon are subsidiaries of Alaska.

The Debevoise team was led by aviation finance partners Paul Brusiloff and Brian Liu and included aviation finance associates Robert Gucwa, Kenneth Rich and Matthew Walsh, tax partner Michael Bolotin and associate Ben Friedman and capital markets partner Paul Rodel, counsel Joshua Samit and associate Priya Soni.