Spirit Airlines, Inc.

Form Type: 8-K

Filing Date: 2024-12-31

Corporate Action: Bankruptcy

Type: Update

Accession Number: 000095010324018522

Comments: Spirit Airlines, Inc. filed for Chapter 11 bankruptcy on November 18, 2024, along with its subsidiaries, which are being jointly administered in the bankruptcy court under case number 24-11988. On December 30, 2024, the company submitted its monthly operating report for November 2024 to the bankruptcy court. Furthermore, the company has initiated an equity rights offering to raise $350 million as part of its restructuring plan, which will expire on January 30, 2025. This offering is in accordance with the Restructuring Support Agreement dated November 18, 2024. The filing also includes cautionary statements regarding the reliability of financial data in the report, emphasizing that no recovery of value is expected for existing equity holders as per the proposed reorganization plan. Additional details regarding the bankruptcy filings can be found at a designated URL.

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