{"schema_version":"secwatch.filing_event.v1","accession":"0000950103-25-010590","form_type":"8-K/A","ticker":"FLYYQ","cik":"0001498710","company_name":"Spirit Aviation Holdings, Inc.","filed_at":"2025-08-22T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.130432+00:00","generated_at":"2026-05-17T10:33:02.755331+00:00","sec_items":["2.03","1.01","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Spirit Aviation borrows $275M under revolver, extends card processor deal to 2027","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950103-25-010590","json":"https://secwatch.observer/filing/0000950103-25-010590.json","markdown":"https://secwatch.observer/filing/0000950103-25-010590.md","text":"https://secwatch.observer/filing/0000950103-25-010590.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1498710/000095010325010590/0000950103-25-010590-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1498710/000095010325010590/dp233337_8ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T10:33:02.755331+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":"cbbc0b9197a76557bac5bdb5b3dff2ed8865715d","claim":"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.","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 March 12, 2028.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1498710/000095010325010590/0000950103-25-010590-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. (administrative agent) and Wilmington Trust, National Association (collateral agent)"},{"label":"Maturity","value":"March 12, 2028"},{"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"}