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18-Nov-2024 11:16 PM

Spirit Airlines Announces Comprehensive Agreement to Deleverage Balance Sheet and P

Direct News Source

Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) today announced that it has entered into a restructuring support agreement (the "RSA") supported by a supermajority of Spirit's loyalty and convertible bondholders on the terms of a comprehensive balance sheet restructuring. The restructuring is expected to reduce Spirit's debt, provide increased financial flexibility, position Spirit for long-term success and accelerate investments providing Guests with enhanced travel experiences and greater value. 

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This press release was sourced from Spirit Airlines on 17-Nov-2024.