Both Spirit Airlines (NK, Fort Lauderdale International) and its bondholders have been recruiting advisers ahead of possible negotiations over debt the company holds exceeding USD1 billion, which comes due in 2025 and 2026, sources have told Bloomberg News.

In one report, on February 8, Bloomberg Law claimed that a group of bondholders had asked Akin Gump Strauss Hauer & Feld for legal advice. On February 12, Bloomberg News reported that the creditors had also tapped investment banking advisory firm Evercore in anticipation of the upcoming…

Source: ch aviation
Read more: Spirit, bondholders seeking advisors for debt talks – report