Brief: Spirit Airlines Says Proceeds With Standalone Recapitalization Rejects Most Recent Proposal From Frontier

Spirit Airlines

12/02/2025 03:36

Feb 11 (Reuters) - Spirit Airlines Inc  SAVEQ.PK :
    * SPIRIT AIRLINES PROCEEDS WITH STANDALONE RECAPITALIZATION;
REJECTS MOST RECENT PROPOSAL FROM FRONTIER
    * SPIRIT AIRLINES INC - FRONTIER PROPOSES $400 MILLION DEBT
AND
19% EQUITY TO SPIRIT STAKEHOLDERS
    * SPIRIT AIRLINES INC - EXPECTS TO COMPLETE RESTRUCTURING IN
Q1
2025
    * SPIRIT AIRLINES INC - NEW PROPOSAL WAIVES $35 MILLION
TERMINATION FEE
    * SPIRIT AIRLINES INC - FRONTIER REJECTS SPIRIT
COUNTERPROPOSAL
    * SPIRIT AIRLINES INC - COUNTERPROPOSAL OFFERS $600 MILLION
DEBT
AND $1.185 BILLION EQUITY
    * SPIRIT AIRLINES INC - TO CONTINUE RESTRUCTURING PROCESS

Source text:  ID:nPn8WLfLva 
Further company coverage:  SAVEQ.PK 

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