Spirit Airlines completes $215M private offering of 11% pass-through certificates; updates fleet plan

Spirit Aviation Holdings, Inc.

$215M private placement of Series 2025-1B(R) Pass Through Certificates at 11% interest, secured by 27 A320-family aircraft.
Proceeds used to repay $43M existing Series B notes, pay transaction fees, and for general corporate purposes.
Final distribution expected Feb 15, 2030; certificates rank junior to prior Series 2015-1 and 2017-1 certificates.
Fleet plan adds 6 A321 NEO aircraft in 2025, ending year with 196 aircraft (excl. 21 held for sale).

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