Spirit Airlines (NK, Fort Lauderdale International) has secured an agreement from certain prepetition debtholders to provide up to USD300 million in financing once it emerges from Chapter 11 and fulfils certain criteria. CEO Ted Christie also told Spirit’s employees in an internal memo this week that 200 of them will lose their jobs.

According to a January 16, 2025, Securities Exchange Commission filing, certain prepetition debtholders agreed to provide the funds via a senior secured revolving credit facility once…

Source: ch aviation
Read more: US's Spirit Airlines secures chapter 11 exit funding