Spirit Airlines amends DIP credit agreement, draws $100M new money term loans with restrictions

Spirit Aviation Holdings, Inc.

Amendment allows immediate use of $50M from third draw; remaining $50M subject to progress on reorganization or strategic transaction.
Spirit is in active negotiations on both a standalone plan of reorganization and a potential strategic transaction.
Recent milestones include ratified pilot and flight attendant agreements, fleet repositioning, and cost structure improvements.
Flights, ticket sales, and operations continue as usual during the Chapter 11 restructuring process.
The DIP lenders continue to support Spirit's transformation under the amended credit facility.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Spirit Aviation Holdings, Inc. amended credit facility with Required DIP Lenders and Wilmington Trust, National Association, as administrative agent and collateral agent.

Instrument: credit facility
Counterparty: Required DIP Lenders and Wilmington Trust, National Association, as administrative agent and collateral agent
Event: amendment

Exact text from the filing

On December 15, 2025, the DIP Borrower, the Required DIP Lenders (as defined in the DIP Credit Agreement) and the Agent entered into Amendment No. 1 to the DIP Credit Agreement (the “DIP Credit Agreement Amendment”).

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Spirit Aviation Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0000950103-25-016205

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