Spirit Airlines, Inc. filed an 8-K report on February 6, 2025, providing updates related to its ongoing Chapter 11 bankruptcy proceedings and its equity rights offering.
The company has extended the Subscription Tender Deadline for the equity rights offering to February 20, 2025, a move made in consultation with the Required Backstop Commitment Parties. The original deadline was January 30, 2025, but it was first extended to February 13, 2025. The extension gives investors more time to participate in the offering, which is part of the company's plan to restructure.
Additionally, Spirit Airlines' bankruptcy cases are being jointly administered under case number 24-11988 (SHL) in the Southern District of New York. The filing provides insight into the financial steps the company is taking as it works through its restructuring process.
2025-02-06
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