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An announcement from Spirit Airlines ( (SAVEQ) ) is now available.
Spirit Airlines announced it has secured a commitment for a $300 million exit revolving credit facility, intended to support the company’s operations post-emergence from Chapter 11 bankruptcy proceedings. This financing is crucial for Spirit Airlines as it navigates its way out of bankruptcy, providing necessary working capital and ensuring compliance with financial covenants, thereby stabilizing its financial standing and operations.
More about Spirit Airlines
YTD Price Performance: 9.52%
Average Trading Volume: 13,989,076
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $53.22M
For a thorough assessment of SAVEQ stock, go to TipRanks’ Stock Analysis page.