{"schema_version":"secwatch.filing_event.v1","accession":"0001498710-22-000364","form_type":"8-K","ticker":"FLYYQ","cik":"0001498710","company_name":"Spirit Aviation Holdings, Inc.","filed_at":"2022-11-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:50.868514+00:00","generated_at":"2026-06-21T16:37:25.905528+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Spirit Airlines closes $600M add-on 8% senior secured notes due 2025, refinances EETC maturities","bullets":["Issued $600M of 8.00% senior secured notes due Sept 2025; total notes outstanding ~$1.11B.","Proceeds to repay $5.11% 2017-1C EETC (Feb 2023) and $4.93% 2015-1C EETC (Apr 2023) and for general corporate purposes.","Notes secured by loyalty program assets (Free Spirit cash proceeds, Saver$ Club fees) and brand IP.","Indenture requires Spirit to maintain minimum liquidity of $400M at all times.","Notes issued by Spirit IP Cayman and Spirit Loyalty Cayman; guaranteed by parent and Cayman subsidiaries."],"urls":{"canonical":"https://secwatch.observer/filing/0001498710-22-000364","json":"https://secwatch.observer/filing/0001498710-22-000364.json","markdown":"https://secwatch.observer/filing/0001498710-22-000364.md","text":"https://secwatch.observer/filing/0001498710-22-000364.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1498710/000149871022000364/0001498710-22-000364-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1498710/000149871022000364/save-20221117.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T16:37:25.905528+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":"1d6a7161fb02fb762ab8deb4538b720836f43a65","claim":"Spirit Aviation Holdings, Inc. incurred senior notes of $600 million at 8.00% per annum maturing September 20, 2025.","evidence_excerpt":"On November 17, 2022, Spirit Airlines, Inc. (the “Company”) announced the completion of the private offering by Spirit IP Cayman Ltd., an indirect wholly-owned subsidiary of the Company (the “Brand Issuer”), and Spirit Loyalty Cayman Ltd., an indirect wholly-owned subsidiary of the Company (the “Loyalty Issuer” and, together with the Brand Issuer, the “Issuers”) of an aggregate of $600 million principal amount of 8.00% senior secured notes due 2025 (the “Additional Notes”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1498710/000149871022000364/0001498710-22-000364-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$600 million"},{"label":"Rate","value":"8.00% per annum"},{"label":"Maturity","value":"September 20, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"c972de97c744637adbc12f9b211f0303108ee0ee","claim":"Spirit Aviation Holdings, Inc. entered into First Supplemental Indenture with Wilmington Trust, National Association valued at $600 million (effective 2022-11-17).","evidence_excerpt":"The Additional Notes were issued pursuant to the Existing Indenture, as supplemented by the First Supplemental Indenture, dated as of November 17, 2022","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1498710/000149871022000364/0001498710-22-000364-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Wilmington Trust, National Association"},{"label":"Value","value":"$600 million"},{"label":"Effective","value":"2022-11-17"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}