Source-grounded facts extracted from Spirit Aviation Holdings, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
Spirit Aviation Holdings, Inc. reported the fourth quarter and full year of 2022 results: revenue $1,391.3 million, net income $12.6 million, EPS $0.12. Guidance lowered.
“to sustained profitability," said Ted Christie, Spirit's President and Chief Executive Officer. Fourth Quarter 2022 (unaudited) As Reported Adjusted 1 Total operating revenues $1,391.3 million $1,391.3 million Operating income (loss) $(305.7) Million $57.6 Million Operating margin (22.0)% 4.1% Net income (loss) $(270.7) million $12.6 million Diluted income (loss) per”
Scott Haralson changed role as Executive Vice President and Chief Financial Officer at Spirit Aviation Holdings, Inc..
“On January 30, 2023, the Compensation Committee (“Committee”) of the Board of Directors of Spirit Airlines, Inc. (the “Company”) approved the promotion of Scott Haralson to Executive Vice President and Chief Financial Officer.”
Earnings Releases
Spirit Aviation Holdings, Inc. reported financial results for full year 2022.
“On February 6, 2023, Spirit Airlines, Inc. (the “Company” or “Spirit”) issued a press release announcing its unaudited financial results for the fourth quarter and full year of 2022.”
Earnings Releases
Spirit Aviation Holdings, Inc. reported Fourth Quarter 2022 results: revenue $1,391.3 million, net income $(270.7) million, EPS $(2.49).
“Fourth Quarter 2022 (unaudited) As Reported Adjusted 1 Total operating revenues $1,391.3 million $1,391.3 million Operating income (loss) $(305.7) Million $57.6 Million Operating margin (22.0)% 4.1% Net income (loss) $(270.7) million $12.6 million Diluted income (loss) per share $(2.49) $0.12”
Material Agreements
Spirit Aviation Holdings, Inc. entered into Agreement with Gryphon Trading Company, LLC valued at an aggregate price ranging between approximately $152 million and $201 million (effective 2023-01-13).
“Spirit Airlines, Inc. (the “Company”) has entered into an agreement, dated January 13, 2023 (“Agreement”), to sell 29 unencumbered A319ceo aircraft powered with V2500 engines to Gryphon Trading Company, LLC, an affiliate of Gryphon Aviation Leasing, LLC, for an aggregate price ranging between approximately $152 million and $201 million, depending on price adjustments specified in the Agreement.”
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.
“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.”
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).
“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.”
Debt Financings
Spirit Aviation Holdings, Inc. incurred senior notes of $600 million at 8.00% per annum maturing September 20, 2025.
“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”).”
Material Agreements
Spirit Aviation Holdings, Inc. entered into First Supplemental Indenture with Wilmington Trust, National Association valued at $600 million (effective 2022-11-17).
“The Additional Notes were issued pursuant to the Existing Indenture, as supplemented by the First Supplemental Indenture, dated as of November 17, 2022”
Carlton D. Donaway departed as director at Spirit Aviation Holdings, Inc..
“On March 20, 2022, Carlton D. Donaway, a class II director of Spirit Airlines, Inc. (the "Company"), informed the Company that he will not stand for reelection at the Company's 2022 annual meeting of stockholders (the "Annual Meeting").”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.