---
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"
generated_at: "2026-05-16T13:02:05.267873+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-25-016205
- JSON: https://secwatch.observer/filing/0000950103-25-016205.json
- Plain text: https://secwatch.observer/filing/0000950103-25-016205.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1498710/000095010325016205/0000950103-25-016205-index.htm

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