{"schema_version":"secwatch.filing_event.v1","accession":"0000950103-25-010573","form_type":"8-K","ticker":"FLYYQ","cik":"0001498710","company_name":"Spirit Aviation Holdings, Inc.","filed_at":"2025-08-21T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.130883+00:00","generated_at":"2026-05-17T10:48:15.461490+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Spirit Aviation borrows $275M revolver, extends card agreement to Dec 2027 with $50M pledge","bullets":["Borrowed the full $275M available under amended revolving credit facility, maturing Sep 30, 2026.","Amended card processing agreement with USB extending term to Dec 31, 2027 with auto-renewals.","Agreed to transfer $50M cash to pledged account and allow daily holdbacks of up to $3M.","USB removed minimum liquidity trigger for holdbacks in exchange for enhanced collateralization.","Proceeds intended for general corporate purposes and to support liquidity amid the collateral posting requirements."],"urls":{"canonical":"https://secwatch.observer/filing/0000950103-25-010573","json":"https://secwatch.observer/filing/0000950103-25-010573.json","markdown":"https://secwatch.observer/filing/0000950103-25-010573.md","text":"https://secwatch.observer/filing/0000950103-25-010573.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1498710/000095010325010573/0000950103-25-010573-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1498710/000095010325010573/dp233288_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T10:48:15.461490+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"31f5e62d6f70e9668fc684edd0ce72420364983f","claim":"Spirit Aviation Holdings, Inc. incurred revolving credit of $275.0 million with Citibank, N.A. maturing September 30, 2026.","evidence_excerpt":"On August 21, 2025, Spirit borrowed the entire available amount of $275.0 million under the Revolving Credit Facility. Borrowings under the Revolving Credit Facility will mature on September 30, 2026.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1498710/000095010325010573/0000950103-25-010573-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$275.0 million"},{"label":"Counterparty","value":"Citibank, N.A."},{"label":"Maturity","value":"September 30, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}