Spirit Aviation Holdings receives court approval for $475M DIP financing in Chapter 11

Spirit Aviation Holdings, Inc.

Bankruptcy court entered final order on Oct 31, 2025 approving the DIP credit agreement.
DIP facility provides up to $475M in term loans; $200M initial new money funded at closing.
Additional new money tranches: $75M on Nov 7, $100M on Dec 13, $100M later; maturity July 14, 2026.
Common stock delisted from NYSE American; now trades on OTC Pink under symbol FLYYQ.
Company cautions holders of common stock could experience a significant or complete loss.

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