---
schema_version: "secwatch.filing_event.v1"
accession: "0001670076-23-000076"
form_type: "8-K"
ticker: "ULCC"
cik: "0001670076"
company_name: "Frontier Group Holdings, Inc."
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T11:32:24.793303+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Frontier Group increases PDP aircraft financing facility from $270M to $365M

## Summary
- Credit agreement amended to increase PDP financing commitments from $270M to $365M.
- Additional lenders added; line of credit borrowing under prior agreement terminated.
- Related guarantee, IAE engine benefits, and step-in agreements amended accordingly.
- Facility supports pre-delivery payments for A320neo/A321neo aircraft deliveries (2023-2026).

## SEC filing metadata
- accession: 0001670076-23-000076
- form_type: 8-K
- ticker: ULCC
- cik: 0001670076
- company_name: Frontier Group Holdings, Inc.
- filed_at: 2023-08-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1670076/000167007623000076/0001670076-23-000076-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1670076/000167007623000076/fron-20230811.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001670076-23-000076
- JSON: https://secwatch.observer/filing/0001670076-23-000076.json
- Plain text: https://secwatch.observer/filing/0001670076-23-000076.txt

## Key facts
- Debt Financings
  Frontier Group Holdings, Inc. amended credit facility of $270 million to $365 million with Citibank, N.A., as facility agent and arranger.
  - Instrument: credit facility
  - Principal: $270 million to $365 million
  - Counterparty: Citibank, N.A., as facility agent and arranger
  - Event: amendment
  source text: increase the commitments under the PDP Financing Facility from $270 million to $365 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1670076/000167007623000076/0001670076-23-000076-index.htm
- Material Agreements
  Frontier Group Holdings, Inc. amended Ninth Amended and Restated Credit Agreement with Citibank, N.A. valued at Increased commitments under PDP Financing Facility from $270 million to $365 million (effective 2023-08-11).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Citibank, N.A.
  - Value: Increased commitments under PDP Financing Facility from $270 million to $365 million
  - Effective: 2023-08-11
  source text: On August 11, 2023, in connection with the financing of pre-delivery payments with respect to certain aircraft that Frontier Airlines, Inc. (“Frontier”), a wholly owned subsidiary of Frontier Group Holdings, Inc. (the “Company”), has on order (the “PDP Financing Facility”), Vertical Horizons, Ltd., as borrower (“Vertical Horizons”), entered into a Ninth Amended and Restated Credit Agreement, by and among Vertical Horizons, Citibank, N.A., as facility agent and arranger (“Citibank”), Bank of Utah, not in its individual capacity but solely as security trustee (“Security Trustee”), and each lender identified on Schedule I thereto (the “Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1670076/000167007623000076/0001670076-23-000076-index.htm

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