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.

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