Spirit Airlines Gets $300 Million in Chapter 11 Exit Financing

Spirit Airlines Inc. lenders have agreed to provide the airline with as much as $300 million in financing to help fund its proposed exit from Chapter 11 in the coming weeks, the company said Thursday.

• The company said in a securities filing that certain lenders have agreed to provide Spirit with a senior secured revolving credit facility that will become available when the carrier exits Chapter 11
  • A New York bankruptcy judge is scheduled to consider approving Spirit’s proposed restructuring plan on Jan. 29
• Proceeds from the credit facility will be used for working capital and other general corporate purposes ...