debt
confidence high
sentiment positive
materiality 0.75
Spirit gets 94.56% consent to amend 2025 Notes, remove bankruptcy remote provisions
Spirit Aviation Holdings, Inc.
- Consent solicitation expired Nov 25; holders of 94.56% of 8.00% Senior Secured Notes due 2025 approved amendments.
- Amendments remove bankruptcy remote provisions from the notes' governing documents.
- Spirit entered into Second Supplemental Indenture and related amendments to effect changes.
- Common stock delisted from NYSE Nov 18, now trades on OTC Pink under 'SAVEQ'.