Spirit Airlines extends debt refinancing deadline
Highly shorted Spirit Airlines is on watch after its debt refinancing deal
Spirit Airlines (NYSE:SAVE) shot up 23% in premarket action on Monday after the budget carrier announced that it had landed a debt-refinancing extension with its credit card processor to extend a debt refinancing deadline to December 23.
Spirit Airlines debt refinancing deadline extended to December
Spirit Airlines said on Friday it has reached an agreement with its credit card processor to extend a debt refinancing deadline by two months until Dec. 23.
Spirit shares jump after carrier secures key debt refinancing deadline extension
Investing.com -- Shares in Spirit Airlines (NYSE: SAVE) surged by more than 37% in premarket US trading on Monday after the budget carrier announced that it had reached an agreement with its credit card processor to extend a debt refinancing deadline by two months until Dec. 23.
Spirit Airlines Shares Gain Following Debt-Refinancing Extension
Shares of Spirit Airlines jumped after the budget carrier received a debt-refinancing extension. The stock gained 41%, to $2.07, in after-hours trading Friday. Shares ended the regular session at $1.47, down more than 91% this year.
Spirit Airlines extends debt refinancing deadline hours before expiration
Spirit Airlines on Friday again extended a deadline with its credit card processor to renegotiate more than $1 billion in debt.
Spirit Airlines Extends Key Deadline to Refinance Debt as Bankruptcy Speculation Looms
Some Wall Street analysts speculated that if Spirit wasn’t able to reach refinance or extend the deadline on a credit card processing agreement, then bankruptcy could be on the table for the beleaguered carrier.
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