---
schema_version: "secwatch.filing_event.v1"
accession: "0001498710-22-000366"
form_type: "8-K"
ticker: "FLYYQ"
cik: "0001498710"
company_name: "Spirit Aviation Holdings, Inc."
filed_at: "2022-11-21T23:59:59+00:00"
generated_at: "2026-06-21T14:58:03.324450+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Spirit Airlines ups revolving credit facility to $300M, adopts SOFR

## Summary
- Commitment amount under revolving credit facility increased to $300M on Nov 18, 2022.
- Credit agreement amended to replace LIBOR with SOFR as benchmark rate.
- No amounts outstanding under the facility as of filing date.
- Other material terms unchanged from prior 8-K filed March 30, 2020.

## SEC filing metadata
- accession: 0001498710-22-000366
- form_type: 8-K
- ticker: FLYYQ
- cik: 0001498710
- company_name: Spirit Aviation Holdings, Inc.
- filed_at: 2022-11-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1498710/000149871022000366/0001498710-22-000366-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1498710/000149871022000366/save-20221118.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001498710-22-000366
- JSON: https://secwatch.observer/filing/0001498710-22-000366.json
- Plain text: https://secwatch.observer/filing/0001498710-22-000366.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1498710/000149871022000366/0001498710-22-000366-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1498710/000149871022000366/0001498710-22-000366-index.htm

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