Spirit Airlines Announces Pricing of Offering of 1 00% Convertible Senior Notes Due 2026 prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Spirit Airlines Announces Offering of Convertible Senior Notes Due 2026
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MIRAMAR, Fla., April 27, 2021 /PRNewswire/ Spirit Airlines, Inc. (NYSE: SAVE) ( Spirit ) today announced that it has commenced an underwritten public offering of $440,000,000 aggregate principal amount of convertible senior notes due 2026 (the Convertible Notes and such offering, the Convertible Notes Offering ). Spirit intends to grant the underwriters of the Convertible Notes Offering a 30-day option to purchase up to $60,000,000 aggregate principal amount of additional Convertible Notes, solely to cover over-allotments, in the Convertible Notes Offering.
Spirit is also separately conducting a registered direct offering of shares of its common stock (the Common Stock Offering ) to certain holders of its outstanding 4.75% Convertible Senior Notes due 2025 (the 2025 Convertible Notes ).