Debevoise & Plimpton LLP advised Spirit Airlines (NYSE: SAVE) in its $371.3 million common stock offering from an issuance of over 10.5 million shares, plus a new convertible notes offering comprising $500 million aggregate principal amount of 1.00% convertible senior notes due 2026. Additionally, Debevoise advised Spirit in the repurchase of $146.8 million aggregate principal amount of its existing 4.75% existing convertible senior notes due 2025. Spirit also redeemed $340 million aggregate principal amount of its existing 8.00% senior secured notes due 2025. For more information, please see Spirit’s press release.
Serving destinations throughout the United States, Latin America and the Caribbean, Spirit is a leader in providing customizable travel options starting with an unbundled fare.
The Debevoise team was led by capital markets partner Matthew Kaplan and includes partner Eric Juergens and associates Christopher Freeman and Shlomo Fischer, tax partners Michael Bolotin and Peter Furci and associate Jay Evans.