Spirit Airlines bondholders are strategizing to protect themselves from potential losses due to the airline's financial challenges, including over $3 billion in borrowings. Following the failed merger with JetBlue, Spirit is seeking support from debtholders, who are expected to demand significant concessions.
Short on time and running out of options after its scuttled merger with JetBlue, Spirit is left looking to debtholders for a lifeline. They will want a lot in return https://t.co/xDsle1Jt58
Short on time and running out of options after its scuttled merger with JetBlue, Spirit is left looking to debtholders for a lifeline. They will want a lot in return https://t.co/x1hMCreR5b
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Spirit Air bondholders are mapping out a strategy that they think may insulate them from devastating losses in the event the air carrier can’t repay its obligations https://t.co/QPmwTHoRfh
Spirit Airlines bondholders, growing increasingly worried about the company’s ability to manage its more than $3 billion of borrowings, are mapping out a strategy that they think may insulate them from devastating losses: BBG Translation: not a happy ending for the stonk https://t.co/zZISJZ2KyU