---
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"
generated_at: "2026-05-17T10:33:02.755331+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Spirit Aviation borrows $275M under revolver, extends card processor deal to 2027

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.03, 1.01, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-25-010590
- JSON: https://secwatch.observer/filing/0000950103-25-010590.json
- Plain text: https://secwatch.observer/filing/0000950103-25-010590.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1498710/000095010325010590/0000950103-25-010590-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.