Bloomberg reported that Spirit Airlines’ efforts to restructure its debt and avoid filing for bankruptcy have hit a hurdle after months of talks with bondholders failed to result in a deal, according to people with knowledge of the matter.
According to the Bloomberg report, Spirit Airlines is seeking new financing from its creditors, as well as an exchange that would extend its current debt, according to people with knowledge of the matter.
Read the full Bloomberg report: Spirit Airlines Struggles to Reach Rescue Deal to Avoid Bankruptcy