# EDGAR Filing Document

**Accession Number:** 0001498710
**File Stem:** 0000950103-25-014262
**Filing Date:** 2025-11
**Character Count:** 10779
**Document Hash:** 14644466fd77d656fcf27bad7714c6f7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950103-25-014262.hdr.sgml**: 20251104

**ACCESSION NUMBER**: 0000950103-25-014262

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 12

**CONFORMED PERIOD OF REPORT**: 20251031

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251104

**DATE AS OF CHANGE**: 20251104

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Spirit Aviation Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001498710
- **STANDARD INDUSTRIAL CLASSIFICATION:** AIR TRANSPORTATION, SCHEDULED [4512]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 333711797
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-35186
- **FILM NUMBER:** 251449377

**BUSINESS ADDRESS:**
- **STREET 1:** 1731 RADIANT DRIVE
- **CITY:** DANIA BEACH
- **STATE:** FL
- **ZIP:** 33004
- **BUSINESS PHONE:** 954-447-7920

**MAIL ADDRESS:**
- **STREET 1:** 1731 RADIANT DRIVE
- **CITY:** DANIA BEACH
- **STATE:** FL
- **ZIP:** 33004

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Spirit Airlines, Inc.
- **DATE OF NAME CHANGE:** 20100811

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

Washington, D.C. 20549

____________________________

**FORM 8-K**

____________________________

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d)**

**of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): November 4, 2025 (October 31, 2025)**

____________________________

**Spirit Aviation Holdings, Inc.**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-35186** | **33-3711797** |
| (State or other jurisdiction of<br> incorporation) | (Commission<br> File Number) | (I.R.S. Employer<br> Identification Number) |

---

**1731 Radiant Drive**

**Dania Beach, Florida 33004**

(Address of principal executive offices, including zip code)

**(954) 447-7920**

(Registrant's telephone number, including area code)

**N/A**

**(Former name or former address, if changed since last report)**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | |
|:---|:---|
| Class | Name of each exchange on which registered |
| Common Stock, $0.0001 par value FLYY<sup>1</sup> | NYSE American |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

<sup>1</sup> On September 11, 2025, NYSE American filed a Form 25 for Spirit Aviation Holdings, Inc., a Delaware corporation (the "Company") in connection with the delisting of the common stock, par value $0.0001, of the Company (the "Common Stock") from NYSE American. The delisting became effective ten days after the Form 25 was filed. The deregistration of the Common Stock under Section 12(b) of the Securities Exchange Act of 1934, as amended, will be effective 90 days, or such shorter period as the SEC may determine, after the filing of the Form 25. The Common Stock began trading on the OTC Pink Limited Market on September 3, 2025 under the symbol "FLYYQ".

**Explanatory Note**

As previously disclosed, on August 29, 2025, Spirit Aviation Holdings, Inc. (the "<u>Company</u>") and certain of its controlled affiliates (such affiliates, together with the Company, the "<u>Debtors</u>") filed voluntary petitions (the "<u>Chapter 11 Cases</u>") in the U.S. Bankruptcy Court for the Southern District of New York (the "<u>Bankruptcy Court</u>") seeking relief under chapter 11 of title 11 of the U.S. Code (the "<u>Bankruptcy Code</u>"). The Chapter 11 Cases are being jointly administered under Case No. 25-11897 (SHL). Each Debtor continues to operate its business as a "debtor-in-possession" under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and the orders of the Bankruptcy Court.

**Item 1.01. Entry into a Material Definitive Agreement**

*DIP Credit Agreement*

In connection with the Chapter 11 Cases, on October 31, 2025, the Bankruptcy Court entered a final order (the "Final DIP Order") approving Spirit Airlines, LLC, as borrower (the "DIP Borrower"), and certain subsidiaries of the Company from time to time party thereto as guarantors, entering into that certain Superpriority Priming Debtor-in-Possession Credit Agreement (the "DIP Credit Agreement"), dated October 14, 2025, with the lenders from time to time party thereto (the "DIP Lenders") and Wilmington Trust, National Association, as administrative agent and collateral agent. In connection with entry of the Final DIP Order, the Bankruptcy Court approved certain amendments to the terms by which holders of Prepetition Notes were eligible to receive Roll-Up Loans, including reducing the maximum amount of Roll-Up Loans eligible to be exchanged in connection with the subsequent fundings of New Money Loans under the DIP Credit Agreement..

Pursuant to the DIP Credit Agreement, the DIP Lenders have agreed, upon the terms and conditions set forth therein, to make available to the Company up to $475,000,000 in aggregate principal amount of term loans (the "DIP Facility"). Under the DIP Facility, (i) $200,000,00 in new money term loans (the "Initial New Money DIP Loans") has been funded under the Interim and Final DIP Orders and (ii) subject to the terms and conditions set forth in the Final DIP Order and the DIP Credit Agreement, up to $275,000,000 in additional new money term loans (the "Additional New Money DIP Loans"; and together with the Initial New Money DIP Loans, the "New Money DIP Loans") will be made available on certain subsequent dates, including up to $75,000,000 on November 7, 2025, $100,000,000 on December 13, 2025, and $100,000,000 on a subsequent date to be determined as set forth in the Final DIP Order and the DIP Credit Agreement. DIP Lenders that provide New Money DIP Loans shall be entitled to "roll up" a portion of their outstanding PIK Toggle Senior Secured Notes due 2030 (the "Prepetition Notes") in amounts, and on the terms and conditions, set forth in the Final DIP Order and the DIP Credit Agreement (the "Roll-Up Loans"). New Money Loans will bear interest at a rate equal to, at the Debtors' option, (i) the Base Rate (subject to a 4% floor) plus 7% per annum or (ii) Term SOFR (subject to a 3% floor) plus 8% per annum. Roll-Up Loans will not bear interest; provided that if the Prepetition Notes and/or the separate tranche of Roll-Up Loans attributable to subsequent borrowings are determined to be oversecured under section 506(b) of the Bankruptcy Code, interest will accrue on the Roll-Up Loans retroactive to the applicable borrowing date in the manner described in the DIP Credit Agreement. The scheduled maturity date of the DIP Facility is July 14, 2026.

The foregoing description of the DIP Credit Agreement and the DIP Facility does not purport to be complete and is qualified in its entirety by reference to the full text of the DIP Credit Agreement and the Final DIP Order, which are incorporated herein by reference.

**Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.**

The information regarding the DIP Credit Agreement and the DIP Facility included in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

**Cautionary Statement Regarding Forward-Looking Information**

**Cautionary Note Regarding the Chapter 11 Case**

The Company cautions that trading in the Common Stock during the pendency of the Chapter 11 Case is highly speculative and poses substantial risks. Trading prices for the Common Stock may bear little or no relationship to the actual recovery, if any, by holders of the Common Stock in the Chapter 11 Case. The Company expects that holders of the Common Stock could experience a significant or complete loss on their investment, depending on the outcome of the Chapter 11 Case.

---

| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Exhibits.

---

| | |
|:---|:---|
| **Exhibit**<br> **Number** | **Description** |
| [10.1\*](https://www.sec.gov/Archives/edgar/data/1498710/000095010325013149/dp235820_ex1001.htm) | [Superpriority Priming Debtor-in-Possession Credit Agreement, dated October 14, 2025, among Spirit Airlines, Inc. Wilmington Trust, National Associate as administrative agent and collateral agent and the creditors from time to time party thereto (filed as Exhibit 10.1 to the Company's Form 8-K dated October 14, 2025 and incorporated by reference herein).](https://www.sec.gov/Archives/edgar/data/1498710/000095010325013149/dp235820_ex1001.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

\* Schedules and exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Registrant hereby undertakes to furnish supplementally copies of any of the omitted schedules and exhibits upon request by the SEC.

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: November 4, 2025

---

| | | |
|:---|:---|:---|
| SPIRIT AVIATION HOLDINGS, INC. | SPIRIT AVIATION HOLDINGS, INC. | SPIRIT AVIATION HOLDINGS, INC. |
| By: | /s/ Thomas Canfield | /s/ Thomas Canfield |
|  | Name: | Thomas Canfield |
|  | Title: | Executive Vice President and General Counsel |

---