Spirit Airlines prices second offering

Victoria
By Victoria January 23, 2012 11:49

Spirit Airlines prices second offering

Spirit Airlines has priced its secondary offering of 11,000,000 shares of common stock at a price to the public of $14.50 per share.

All of the shares of common stock are being sold by existing stockholders of the company, including affiliates of Oaktree Capital Management and Indigo Partners and certain members of the company’s executive team. In addition, the underwriters have a 30-day option to purchase from certain selling stockholders up to an additional 1,650,000 shares of common stock to cover over-allotments, if any. The company will not receive any proceeds from this offering.

Barclays Capital, Morgan Stanley and Citigroup are joint bookrunners for the offering. Deutsche Bank Securities, Raymond James, Dahlman Rose & Company, Evercore Partners and Macquarie Capital are the co-managers.

Victoria
By Victoria January 23, 2012 11:49
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