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The latest update is out from Spirit Aviation Holdings, Inc. ( (FLYY) ).
Spirit Aviation Holdings, Inc. announced amendments to its Card Processing Agreement with U.S. Bank National Association, extending the agreement until December 31, 2027, with potential for further extensions. This move, effective August 2025, involves financial adjustments including a $50 million cash transfer and daily holdbacks to secure USB’s exposure. Additionally, Spirit borrowed $275 million under its Revolving Credit Facility on August 21, 2025, to bolster liquidity amid these changes, indicating strategic financial management to support ongoing operations and corporate objectives.
More about Spirit Aviation Holdings, Inc.
Spirit Aviation Holdings, Inc. operates in the aviation industry, primarily through its subsidiary Spirit Airlines, LLC. The company focuses on providing air travel services and is known for its low-cost carrier model, catering to budget-conscious travelers.
Average Trading Volume: 415,011
Current Market Cap: $39.86M
See more data about FLYY stock on TipRanks’ Stock Analysis page.