Spirit Airlines 2025 Bonds Sink After Failed Talks with Lenders

Oct. 4, 2024, 12:30 PM UTC

Spirit Airlines bonds collapsed during Friday morning trading in New York after a report Thursday evening that the company’s talks with creditors to avoid a bankruptcy have hit a snag.

  • Spirit 8% notes due 2025 fell as much as six cents on the dollar to trade hands below 45 cents, but then paring some losses, according to pricing source Trace
  • Spirit has $1.75 billion of debt coming due by 2026, according to data compiled by Bloomberg

To contact the reporter on this story:
Michael Tobin in New York at mtobin37@bloomberg.net

To contact the editors responsible for this story:
Natalie Harrison ...







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