An update from Spirit Airlines ( (SAVE) ) is now available.
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Spirit Airlines has extended its card processing agreement with U.S. Bank National Association, adjusting key deadlines and potentially altering the maturity of its senior secured notes. Additionally, the airline has fully utilized its $300 million revolving credit facility, set to mature in 2026 unless certain debt conditions are unmet, which could accelerate repayment. The company is actively negotiating with noteholders and anticipates maintaining robust liquidity through the end of 2024.
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