Spirit Airlines Secures 96% Participation in $852 Million Debt Exchange
Spirit Airlines Inc. has announced the completion of a debt transaction involving its PIK Toggle Senior Secured Notes due 2030. The company offered holders of these notes the opportunity to participate as lenders in its DIP credit agreement and to exchange, or "roll-up," their notes. The offer expired on November 12, 2025. By the expiration, a total of $818.4 million in principal amount-representing 96.05% of the original outstanding notes-had been validly tendered and not withdrawn. Early settlement took place on October 29, 2025, with the final settlement for additional tendered notes scheduled for November 14, 2025. After the transaction, $33.7 million in principal of the notes will remain outstanding.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Spirit Airlines Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950103-25-014783), on November 14, 2025, and is solely responsible for the information contained therein.
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