{"schema_version":"secwatch.filing_event.v1","accession":"0000950103-25-016205","form_type":"8-K","ticker":"FLYYQ","cik":"0001498710","company_name":"Spirit Aviation Holdings, Inc.","filed_at":"2025-12-16T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.564886+00:00","generated_at":"2026-05-16T13:02:05.267873+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Spirit Airlines amends DIP credit agreement, draws $100M new money term loans with restrictions","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950103-25-016205","json":"https://secwatch.observer/filing/0000950103-25-016205.json","markdown":"https://secwatch.observer/filing/0000950103-25-016205.md","text":"https://secwatch.observer/filing/0000950103-25-016205.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1498710/000095010325016205/0000950103-25-016205-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1498710/000095010325016205/dp238730_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T13:02:05.267873+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":[{"claim_id":"71292a9561942b8f32d8f93938df757986964ad3","claim":"Spirit Aviation Holdings, Inc. amended credit facility with Required DIP Lenders and Wilmington Trust, National Association, as administrative agent and collateral agent.","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1498710/000095010325016205/0000950103-25-016205-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Counterparty","value":"Required DIP Lenders and Wilmington Trust, National Association, as administrative agent and collateral agent"},{"label":"Event","value":"amendment"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}