Skift Take
Some Wall Street analysts had speculated that if Spirit wasn’t able to reach refinance or extend the deadline on a credit card processing agreement, then bankruptcy could have been on the table.
Spirit Airlines said Friday it had entered into an agreement to extend the deadline to refinance some of its debt.
In a regulatory filing, Spirit said the deadline would be extended from October 21 to December 23.
The budget carrier was facing an October 21 deadline on renegotiating an agreement with the U.S. National Bank Association related to processing certain pa