{"schema_version":"secwatch.filing_event.v1","accession":"0000950103-25-013149","form_type":"8-K","ticker":"FLYYQ","cik":"0001498710","company_name":"Spirit Aviation Holdings, Inc.","filed_at":"2025-10-14T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.563643+00:00","generated_at":"2026-05-17T03:53:02.727954+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Spirit Aviation enters $475M DIP facility, AerCap settlement during Chapter 11","bullets":["Bankruptcy Court approved $475M DIP facility; $200M funded immediately, up to $275M in subsequent tranches, maturing July 14, 2026.","AerCap settlement: assumes 10 leases, rejects 27, enters 30 new postpetition leases; AerCap pays $150M liquidity to Debtors.","Common stock delisted from NYSE American, now trades OTC Pink under FLYYQ; holders may face significant or total loss.","DIP loans bear interest at Base Rate+7% or SOFR+8% (both PIK); prepetition noteholders can roll up into DIP facility.","Company to launch exchange offer for prepetition noteholders to participate pro rata as DIP lenders; terms via subscription form."],"urls":{"canonical":"https://secwatch.observer/filing/0000950103-25-013149","json":"https://secwatch.observer/filing/0000950103-25-013149.json","markdown":"https://secwatch.observer/filing/0000950103-25-013149.md","text":"https://secwatch.observer/filing/0000950103-25-013149.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1498710/000095010325013149/0000950103-25-013149-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1498710/000095010325013149/dp235820_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T03:53:02.727954+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}