| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| USD | 600.000 | 3 | Sep-25 | Sr. Secured | Ba2 | BB+ | - | Fixed | Tsy | - | 97.50-98.50 | 405 | 8.00% | - | 98.50000 |
Tranche Comments
3 yr: First Pay: 2023-01-20; Redemption: 2023-09-30; Registration: 144A Only; Comments: USD600m (upsized from USD500m) snr sec 144A for life. Ba2/BB+. Barc(B&D)/MS/Citi, price talk 97 1/2 & 98 1/2, final 8.00% cpn 9/20/25 at 98.50, yld 8.599% yld, Spread T+405bp. Reset Date: 2023-09-30. Call scedule: 2023-09-30 @ 104.0%, 2024-09-30 @ 100.0%;
Deal Comments
USD600m tap of 8.00% due 9/20/25
Guarantor(s)
Spirit Airlines Inc, Spirit Finance Cayman 1 Ltd, Spirit Finance Cayman 2 Ltd
Use of Proceeds
Repay debt
| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| YAX | 780.000 | 1 | May-01 | Zi. Zofeioc | Au3 | - | JJ+ | Dzsis | Zju | - | 8.25-8.50% | 797 | 8% | - | 94.77400 |
Tranche Comments
5 vd: First Pay: 2021-01-20; Redemption: 2023-09-20; Registration: 144X/Gmf P; Comments: LF$850p(uimbzzp vpup LF$600p) 8.00% iif 5-izzp(9/20/25) SB3 zn 98.976, isp 8.25%. Fipzzpt Y+797xi. Kbubni Bszfxzift ui nu 40% ipbup nu Fzinzpxzp 20, 2023. JTB Y+50xi Fzinzpxzp 20, 2023. Bzss Fivzpuszt zvnzp Fzinzpxzp 20, 2023 xun uf up ipbup nu Fzinzpxzp 20, 2024, 50% uv nvz Ofnzpzmn Wznz zn muiv nbpz pusnbisbzp xi nvz ipbfibizs zpuufn uv Sunzm xzbfx pzpzzpzpl zfp zvnzp Fzinzpxzp 20, 2024, zzpu.;
Guarantor(s)
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Use of Proceeds
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