Spirit Airlines Struggles to Reach Rescue Deal to Avoid Bankruptcy [BNN Bloomberg (Canada)]
Perella Weinberg Partners - Class A (PWP)
Company Research
Source: BNN Bloomberg
The struggling air carrier is seeking new financing from its creditors, as well as an exchange that would extend its current debt, said the people, asking not to be identified because the talks are private. Terms that still need to be worked out include which assets bondholders would have a claim on and how much new financing would be provided, one of the people said. Without a deal, the company would be forced into bankruptcy, said the people. While a Chapter 11 filing isn't imminent, a near-term filing would pose challenges as it would be unclear who would take control. The Wall Street Journal earlier Thursday reported that Spirit and bondholders have held discussions over the terms of a potential bankruptcy. Representatives for Spirit as well as advisers Davis Polk & Wardwell and Perella Weinberg Partners didn't respond to requests seeking comment after normal business hours. Spirit has been seeking a financial lifeline ever since a federal judge in January blocked its pro
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- 11/19/24 - Form 8-K
- 11/14/24 - Form 4
- PWP's page on the SEC website