secwatch.observer — SEC 8-K summary
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Issuer:     Spirit Aviation Holdings, Inc. (FLYYQ)
CIK:        0001498710
Form:       8-K
Filed at:   2024-11-29T23:59:59+00:00
Accession:  0000950103-24-016957
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 2.04, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1498710/000095010324016957/0000950103-24-016957-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1498710/000095010324016957/dp221360_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-24-016957

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