Spirit Airlines Inc, founded in 1980 and headquartered in Miramar, Florida, is a prominent ultra-low-cost carrier dedicated to providing affordable air travel options across the United States, the Caribbean, and Latin America. The airline is known for its no-frills service model, offering basic flights at lower fares while allowing customers the flexibility to pay for additional services as desired.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| SAVE 3.38% 2031-08-15 USDSpirit Airlines Inc | United States | 2031-08-15 | 3.375 | 0.00 |
| SAVE 4.10% 2028-04-01 USDSpirit Airlines Inc | United States | 2028-04-01 | 4.100 | 0.00 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Spirit Airlines began issuing corporate bonds in 2013 to support its expansion and liquidity needs. Notably, in 2020, the company issued $300 million in senior secured notes as part of a broader strategy to strengthen its balance sheet amid the COVID-19 pandemic. As of October 2023, Spirit's bond yields are competitive compared to the airline industry average, reflecting investor confidence in its post-pandemic recovery strategy. The company's bonds typically feature call options after a specific period, allowing Spirit to manage its debt portfolio effectively.