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 revolving credit of increased to $300.0 million with Citibank, N.A. (administrative agent) and Wilmington Trust, National Association (collateral agent) at implement SOFR as a successor interest rate to LIBOR.
- Instrument
- revolving credit
- Principal
- increased to $300.0 million
- Counterparty
- Citibank, N.A. (administrative agent) and Wilmington Trust, National Association (collateral agent)
- Rate
- implement SOFR as a successor interest rate to LIBOR
- Event
- amendment
Exact text from the filing
On November 18, 2022, the commitment amount under the Revolving Credit Agreement was increased to $300.0 million. Additionally, the Credit Agreement was amended on such date to implement SOFR as a successor interest rate to LIBOR and to update certain related provisions for market changes.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Spirit Aviation Holdings, Inc. amended Credit Agreement with the lenders party thereto, Citibank, N.A., and Wilmington Trust, National Association valued at $300.0 million (effective 2022-11-18).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- the lenders party thereto, Citibank, N.A., and Wilmington Trust, National Association
- Value
- $300.0 million
- Effective
- 2022-11-18
Exact text from the filing
On November 18, 2022, the commitment amount under the Revolving Credit Agreement was increased to $300.0 million. Additionally, the Credit Agreement was amended on such date to implement SOFR as a successor interest rate to LIBOR and to update certain related provisions for market changes.
View on SEC.gov