Airline

Spirit stock surges after utilising senior secured revolving credit facility

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Spirit stock surges after utilising senior secured revolving credit facility

Spirit Airlines’ stock surged over 60% in pre-market trading after it revealed it had borrowed the entire amount of its $300 million revolving credit facility in a stock filing published on October 18, 2024. The facility matures on September 30, 2026 – provided its senior secured notes due 2025...

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