Spirit Airlines NYSE delisting imminent; launches consent solicitation for Chapter 11 prep

Spirit Aviation Holdings, Inc.

NYSE suspended trading of Spirit common stock; expects delisting and OTC Pink trading under symbol SAVEQ.
Launched consent solicitation to amend 8.00% Senior Secured Notes due 2025 to remove bankruptcy-remote provisions.
Holders of >78.6% of outstanding 2025 Notes have signed RSA requiring consent to Proposed Amendments.
After amendments, expects to file Chapter 11 cases for Spirit and additional company parties in Southern District of New York.
Consent solicitation seeks to authorize trustee actions to facilitate bankruptcy filing.

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