Spirit Airlines amends, ups revolver to $300 million

By William Gullotti

Buffalo, N.Y., Nov. 21 – Spirit Airlines, Inc. increased the commitments for its revolving credit facility with Citibank, NA as administrative agent to $300 million on Nov. 18, according to an 8-K filing with the Securities and Exchange Commission.

In addition to the increase, the amendments implemented SOFR as the successor rate to Libor and updated certain provisions related to market changes.

The revolver currently has no amounts outstanding.

Wilmington Trust, NA is the collateral agent for the revolver.

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

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