Spirit Airlines subsidiaries file Chapter 11; default on 8.00% notes due 2025 triggered

Spirit Aviation Holdings, Inc.

Spirit's Co-Issuers and Cayman Guarantors filed Chapter 11 petitions on Nov 25, 2024, joining Spirit's pre-arranged process.
The filing triggered an event of default under the 8.00% Senior Secured Notes due 2025, accelerating all principal and interest.
Enforcement of payment obligations under the Indenture is automatically stayed due to the Chapter 11 process.
Spirit's common stock was delisted from NYSE and now trades on OTC Pink under ticker SAVEQ.

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