---
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"
generated_at: "2026-05-17T03:53:02.727954+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Spirit Aviation enters $475M DIP facility, AerCap settlement during Chapter 11

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-25-013149
- JSON: https://secwatch.observer/filing/0000950103-25-013149.json
- Plain text: https://secwatch.observer/filing/0000950103-25-013149.txt

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