By laksh5382 
A Spirit Airlines plane goes through operations in preparation for departure at Austin-Bergstrom International Airport in Austin, Texas on February 12, 2024.
Brandon Bell | getty images
Spirit Airlines It said Friday it has reached an agreement with its credit card processor to extend the loan refinancing deadline again to December, hours before it was set to expire.
Spirit said in a filing late Friday that earlier this week it fully closed its $300 million revolving credit facility and expects to end the year with just over $1 billion in liquidity.
“As previously reported, the company remains in active and constructive discussions with the holders of its senior secured notes due 2025 and convertible senior notes due 2026 regarding their respective maturities,” Spirit said in a filing late Friday. ”
The deadline was earlier set in September and was extended to October 21 before Friday’s change. The airline’s stock closed at a new low on Friday, down about 3%, at less than $1.50 per share.
The Miramar, Florida-based airline has furloughed employees, cut its schedules and postponed plane deliveries in the past year to conserve cash.
Many of its aircraft have been grounded Pratt & Whitney Engine Recall. It also reported weaker-than-expected bookings and its planned acquisition jetblue airways Was failed After being blocked by a federal judge on antitrust grounds.
Its shares have fallen more than 90% so far this year and nearly 40% so far in October alone.
earlier this month, The Wall Street Journal said The carrier is considering filing bankruptcy. Spirit and adviser Perella Weinberg Partners did not immediately comment on the matter.