Spirit Airways adds to its revolving credit facility

Spirit Airways has increased a previously announced revolving credit facility from $110 million to $135 million, the carrier revealed in an SEC filing. On March 30, Spirit Airlines entered into a senior secured revolving credit facility  with Citibank, acting as the administrative agent, and Wilmington Trust, National Association, acting as the collateral agent, for an initial amount of $110.0 million, subject to borrowing base availability. According to Spirit’s 8K filing on April 20, 2020 this was increased to $135.0 million. On April 17, the firm borrowed the entire available $110 million, and, on April 21 it borrowed the additional $25 million