Spirit Aviation Holdings, Inc. (FLYYQ): debt financing — Spirit Aviation borrows $275M under revolver, extends card processor deal to 2027

Spirit Aviation Holdings, Inc.

Borrowed full $275M available under Revolving Credit Facility on August 21, 2025; corrects maturity to March 12, 2028.
Agreed two amendments with credit card processor USB: transferred $50M to pledged account, allowed up to $3M daily holdback.
In exchange, USB extended card processing agreement from Dec 31, 2025 to Dec 31, 2027 with auto-renewal options.
Removed minimum liquidity trigger for holdbacks under the Card Processing Agreement.
Borrowings and enhanced collateral support liquidity for general corporate purposes amid ongoing initiatives.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Spirit Aviation Holdings, Inc. incurred revolving credit of $275.0 million with Citibank, N.A. (administrative agent) and Wilmington Trust, National Association (collateral agent) maturing March 12, 2028.

Instrument: revolving credit
Principal: $275.0 million
Counterparty: Citibank, N.A. (administrative agent) and Wilmington Trust, National Association (collateral agent)
Maturity: March 12, 2028
Event: incurrence

Exact text from the filing

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 March 12, 2028.

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10 debt financings filed in the last 30 days. Browse all debt financings →

Spirit Aviation Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0000950103-25-010590

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