secwatch.observer — SEC 8-K summary
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Issuer:     Spirit Aviation Holdings, Inc. (FLYYQ)
CIK:        0001498710
Form:       8-K
Filed at:   2024-11-19T23:59:59+00:00
Accession:  0000950103-24-016451
Event type: other_material
Sentiment:  negative
Materiality: 1.00
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1498710/000095010324016451/0000950103-24-016451-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1498710/000095010324016451/dp220881_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-24-016451

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