Cyrus Capital, Shaolin Capital Among Firms to Own Part of Spirit

Affiliates of Cyrus Capital Partners LP and Shaolin Capital Management LLC are among the investment firms supporting Spirit Airlines Inc.’s restructuring and are poised to own a slice of the budget carrier when it exits bankruptcy next year.

• The two firms are part of a group of investment firms that own the company’s convertible notes that is supporting the company’s Chapter 11 restructuring, according to papers filed late Monday in New York bankruptcy court
  • A second committee representing Spirit’s senior secured bondholders is also supporting the Chapter 11 case, but names of firms on that committee weren’t immediately ...