U.S., Oct. 11 -- The DIP financing will provide Spirit with additional financial flexibility to support normal business operations during its restructuring. Of the total financing, $200 million is immediately available to the Company.
"We are pleased to have reached another significant milestone in our restructuring, which represents continued progress toward securing a successful future for Spirit," said Dave Davis, President and Chief Executive Officer. "With these approvals in place, we are better equipped to build a stronger airline that delivers unmatched value to American consumers. We thank our stakeholders for their support and the Spirit team for their dedication and resilience during this process."
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