Brief: Spirit Airlines Reaches Deal With Secured Creditors To Emerge From Bankruptcy
Feb 24 (Reuters) - Spirit Aviation Holdings Inc FLYYQ.PK: SPIRIT AIRLINES REACHES AGREEMENT IN PRINCIPLE ON KEY TERMS OF RESTRUCTURING SUPPORT AGREEMENT WITH ITS SECURED CREDITORS SPIRIT AVIATION HOLDINGS: EMERGENCE FROM CHAPTER 11 EXPECTED IN LATE SPRING OR EARLY SUMMER SPIRIT AVIATION HOLDINGS: EXPECTED THAT SPIRIT'S DEBT & LEASE OBLIGATIONS WILL BE REDUCED FROM $7.4 BILLION PRE-FILING TO ABOUT $2.1 BILLION POST-EMERGENCE SPIRIT AIRLINES REACHES AGREEMENT IN PRINCIPLE ON KEY TERMS OF RESTRUCTURING SUPPORT AGREEMENT WITH ITS SECURED CREDITORS Source text: ID:nPn44rMNSa Further company coverage: FLYYQ.PK ((Reuters.Briefs@thomsonreuters.com;))
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