U.S. Bank National Association agreed to further extend a deadline by which Spirit Airlines must extend or refinance its 2025 bonds in order to maintain its credit-card processing agreement with the bank, the airline said.
- The deadline to extend or refinance the 2025 notes was further pushed to Dec. 23 from Oct. 21
- Early maturity date to extend from Dec. 31 to March 3, 2025
- Still expects to end 2024 with over $1b of liquidity, assuming company is able to close initiatives that are currently in process
- NOTE:
Spirit Airlines Gets Additional Month to Refinance 2025 Debt
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