8-K15D5
filed March 13, 2025, 7:59 PM ET
ticker FLYYQ
CIK 0001498710
other material
confidence high
sentiment neutral
materiality 0.95
Spirit emerges from Chapter 11 with $300M facility, $840M notes, new equity and board
Spirit Aviation Holdings, Inc.
- Emerged on March 12, 2025; old common stock cancelled; new parent Spirit Aviation Holdings formed.
- $300M exit revolving credit facility (undrawn, $275M available) matures 2028; rates SOFR+3.25% or base+2.25%.
- $840M PIK toggle senior secured notes due 2030 at 12% (8% cash, 4% PIK) or 11% all cash.
- 24.3M warrants issued at $0.0001 per share; rights offering raised $296M; backstop equity raised $53.9M.
- Board reconstituted: Edward Christie remains CEO; seven prior directors removed.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
H. McIntyre Garden departed as Director at Spirit Aviation Holdings, Inc..
- Action
- ceased
- Role
- Director
Exact text from the filing
on the Effective Date, Mark B. Dunkerley, H. McIntyre Garden, Robert D. Johnson, Barclay G. Jones III, Christine P. Richards, Myrna M. Soto and Richard Wallman ceased to be members of Former Spirit’s board of directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Timothy Bernlohr was appointed as Director at Spirit Aviation Holdings, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On the Effective Date, the members of the Company’s board of directors (the “Board”) were appointed in accordance with the Plan and the Confirmation Order.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Richard Wallman departed as Director at Spirit Aviation Holdings, Inc..
- Action
- ceased
- Role
- Director
Exact text from the filing
on the Effective Date, Mark B. Dunkerley, H. McIntyre Garden, Robert D. Johnson, Barclay G. Jones III, Christine P. Richards, Myrna M. Soto and Richard Wallman ceased to be members of Former Spirit’s board of directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Robert D. Johnson departed as Director at Spirit Aviation Holdings, Inc..
- Action
- ceased
- Role
- Director
Exact text from the filing
on the Effective Date, Mark B. Dunkerley, H. McIntyre Garden, Robert D. Johnson, Barclay G. Jones III, Christine P. Richards, Myrna M. Soto and Richard Wallman ceased to be members of Former Spirit’s board of directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Edward M. Christie, III was appointed as Director at Spirit Aviation Holdings, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On the Effective Date, the members of the Company’s board of directors (the “Board”) were appointed in accordance with the Plan and the Confirmation Order.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David N. Siegel was appointed as Director at Spirit Aviation Holdings, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On the Effective Date, the members of the Company’s board of directors (the “Board”) were appointed in accordance with the Plan and the Confirmation Order.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Christine P. Richards departed as Director at Spirit Aviation Holdings, Inc..
- Action
- ceased
- Role
- Director
Exact text from the filing
on the Effective Date, Mark B. Dunkerley, H. McIntyre Garden, Robert D. Johnson, Barclay G. Jones III, Christine P. Richards, Myrna M. Soto and Richard Wallman ceased to be members of Former Spirit’s board of directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Myrna M. Soto departed as Director at Spirit Aviation Holdings, Inc..
- Action
- ceased
- Role
- Director
Exact text from the filing
on the Effective Date, Mark B. Dunkerley, H. McIntyre Garden, Robert D. Johnson, Barclay G. Jones III, Christine P. Richards, Myrna M. Soto and Richard Wallman ceased to be members of Former Spirit’s board of directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Robert A. Milton was appointed as Director at Spirit Aviation Holdings, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On the Effective Date, the members of the Company’s board of directors (the “Board”) were appointed in accordance with the Plan and the Confirmation Order.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Barclay G. Jones III departed as Director at Spirit Aviation Holdings, Inc..
- Action
- ceased
- Role
- Director
Exact text from the filing
on the Effective Date, Mark B. Dunkerley, H. McIntyre Garden, Robert D. Johnson, Barclay G. Jones III, Christine P. Richards, Myrna M. Soto and Richard Wallman ceased to be members of Former Spirit’s board of directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mark B. Dunkerley departed as Director at Spirit Aviation Holdings, Inc..
- Action
- ceased
- Role
- Director
Exact text from the filing
on the Effective Date, Mark B. Dunkerley, H. McIntyre Garden, Robert D. Johnson, Barclay G. Jones III, Christine P. Richards, Myrna M. Soto and Richard Wallman ceased to be members of Former Spirit’s board of directors.
View on SEC.gov
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