Spirit Airlines has won the backing of two of the three major creditor groups needed to secure a $500M bailout from U.S. President Donald Trump’s administration, Sujeet Indap of The Financial Times reports, citi (C)ng two people close to the negotiations. Holders of a $275M senior revolving credit facility administered by Citigroup and a committee of unsecured creditors that hold billions of dollars of junior claims are willing to sign off on Trump’s offer to put $500M into Spirit to help the company exit bankruptcy, the sources added.
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