Spirit Airlines lifts revolver to $135 million, borrows full amount

By Sarah Lizee

Olympia, Wash., April 23 – Spirit Airlines, Inc. lifted its revolving credit facility with Citibank, NA as administrative agent to $135 million from $110 million on Monday, according to an 8-K filing with the Securities and Exchange Commission.

The amount is subject to borrowing base availability.

The revolver was amended to add another lender.

Other terms of the facility are unchanged, the filing noted.

On April 17, the company borrowed the entire $110 million available under the revolver, and on Tuesday, the company borrowed the additional $25 million available amount.

Borrowings will mature on March 30, 2022.

Spirit Airlines is a Miramar, Fla.-based low-fare airline.

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