SPIRIT AIRLINES, INC. (NASDAQ:SAVE) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement
Agreement, dated as of March 29, 2017 (Framework Agreement), with
certain financial institutions named therein, as initial lenders,
BNP Paribas, as facility agent, and Wilmington Trust Company, as
security trustee, to which $228 million of debt financing shall
be provided for one Airbus A320-200 aircraft and five Airbus
A321-200 aircraft scheduled for delivery under the Companys
existing purchase agreement with Airbus S.A.S. between June 2017
and November 2017. Each loan to be extended under the Framework
Agreement will be funded on or about the delivery date of each
aircraft and will be secured by a first-priority security
interest in the individual aircraft. Each loan will have a
12-year term and will amortize quarterly on a mortgage->
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Item 2.03
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Creation of a Direct Financial Obligation or an Obligation
under an Off-Balance Sheet Arrangement by the Registrant |
incorporated by reference herein in its entirety.
About SPIRIT AIRLINES, INC. (NASDAQ:SAVE)
Spirit Airlines, Inc. is an airline company. The Company’s all-Airbus fleet operates more than 385 daily flights to 56 destinations in the United States, Caribbean and Latin America. Its ultra-low-cost carrier (ULCC) business model provides low, unbundled base fares that remove components traditionally included in the price of an airline ticket. The Company offers a range of optional services, allowing customers to save by paying only for the options they choose such as bags, advance seat assignments and refreshments. The Company’s route network includes approximately 151 markets throughout North America, Central America, South America and the Caribbean. The Company operates international services to Aruba, Colombia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Peru and St. Maarten, as well as Puerto Rico and the United States Virgin Islands. SPIRIT AIRLINES, INC. (NASDAQ:SAVE) Recent Trading Information
SPIRIT AIRLINES, INC. (NASDAQ:SAVE) closed its last trading session up +0.53 at 52.06 with 506,236 shares trading hands.