Spirit Aviation Holdings Files 8-K on New Financial Obligation

TL;DR

Spirit Aviation Holdings just filed an 8-K for a new material agreement and financial obligation as of Dec 15th.

AI Summary

Spirit Aviation Holdings, Inc. filed an 8-K on December 16, 2025, reporting a material definitive agreement and a direct financial obligation. The filing indicates a new financial obligation was created on December 15, 2025. Specific details of the agreement and obligation are not provided in this excerpt.

Why It Matters

This filing signals a new financial commitment or agreement for Spirit Aviation Holdings, which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement and a direct financial obligation, which inherently carries financial risk for the company.

Key Players & Entities

• Spirit Aviation Holdings, Inc. (company) — Registrant
• Spirit Airlines, Inc. (company) — Former company name
• December 16, 2025 (date) — Filing date
• December 15, 2025 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $100,000,000 — ove certain conditions to borrowing the $100,000,000 of new money term loans available to be
• $50,000,000 — IP Borrower and the guarantors maintain $50,000,000 of the proceeds from the Third Draw New
• $80,000,000 — dministrative Claim Carve Out Claims of $80,000,000; and (iii) incorporate funding mechanic

Filing Documents

• dp238730_8k.htm (8-K) — 35KB
• dp238730_ex1001.htm (EX-10.1) — 1646KB
• dp238730_ex9901.htm (EX-99.1) — 6KB
• 0000950103-25-016205.txt ( ) — 2171KB
• spiritcom-20251215.xsd (EX-101.SCH) — 3KB
• spiritcom-20251215_lab.xml (EX-101.LAB) — 33KB
• spiritcom-20251215_pre.xml (EX-101.PRE) — 22KB
• dp238730_8k_htm.xml (XML) — 3KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement Amendment to DIP Credit Agreement In connection with the Chapter 11 Cases, on October 31, 2025, the Bankruptcy Court entered a final order (as amended, supplemented, or otherwise modified from time to time, the "Final DIP Order") approving Spirit Airlines, LLC, as borrower (the "DIP Borrower"), and certain subsidiaries of the Company from time to time party thereto as guarantors, entering into that certain Superpriority Priming Debtor-in-Possession Credit Agreement (the "DIP Credit Agreement"), dated October 14, 2025, with the lenders from time to time party thereto (the "DIP Lenders") and Wilmington Trust, National Association, as administrative agent and collateral agent (the "Agent"). On December 15, 2025, the DIP Borrower, the Required DIP Lenders (as defined in the DIP Credit Agreement) and the Agent entered into Amendment No. 1 to the DIP Credit Agreement (the "DIP Credit Agreement Amendment"). The DIP Credit Agreement Amendment amends the DIP Credit Agreement to, among other things, (i) remove certain conditions to borrowing the $100,000,000 of new money term loans available to be drawn on December 13, 2025 (the "Third Draw New Money Term Loans"); (ii) require that the DIP Borrower and the guarantors maintain $50,000,000 of the proceeds from the Third Draw New Money Term Loans in certain encumbered accounts at all times prior to the date on which the DIP Borrower (x) delivers to the DIP Lenders at least one indication of interest with respect to a strategic transaction that is acceptable to the Required DIP Lenders in their sole discretion, (y) agrees upon the principal terms of an Acceptable Plan of Reorganization (as defined in the DIP Credit Agreement) or (z) delivers to the DIP Lenders at least one indication of interest with respect to exit financing that is acceptable to the Required DIP Lenders in their sole discretion; and (iii) require the DIP Borrower to deliver to the Agent daily reports sh

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. Press Release On December 15, 2025, Spirit issued a press release announcing the DIP Credit Agreement Amendment. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein. The information contained in this Item 7.01, including in Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended ("the Exchange Act"), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any of the Company's filings under the Securities Act or the Exchange Act, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filing. The filing of this Current Report on Form 8-K (including any exhibit hereto or any information included herein or therein) shall not be deemed an admission to the materiality of any information in this Item 7.01 that is required to be disclosed solely by reason of Regulation FD. Cautionary Statement Regarding Forward-Looking Information This Current Report on Form 8-K (this "Current Report") contains various forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") which are subject to the "safe harbor" created by those sections. Forward-looking statements are based on our management's beliefs and assumptions and on information currently available to our management. All statements other than statements of historical facts are "forward-looking statements" for purposes of these provisions. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "could," "would," "expect," "plan," "anticipate," "believe," "estimate," "project,"

Financial Statements and Exhibits

Financial Statements and Exhibits (d) Exhibits. Exhibit Number Description 10.1 Amendment No. 1 to Superpriority Secured Debtor-in-Possession Term Loan Credit Agreement, dated December 15, 2025, among Spirit Airlines, LLC, Wilmington Trust, National Association, as administrative agent and collateral agent, and the lenders from time to time party thereto. 99.1 Press Release, dated as of December 15, 2025, issued by Spirit Aviation Holdings, Inc. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: December 16, 2025 SPIRIT AVIATION HOLDINGS, INC. By: /s/ Thomas Canfield Name: Thomas Canfield Title: Executive Vice President and General Counsel

View Full Filing

View this 8-K filing on SEC EDGAR