Spirit Airlines rescue financing talks hit an impasse
Talks over a 500 million dollar rescue package for Spirit Airlines have hit an impasse. Lenders including Citadel are pushing back against the proposed terms.
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Spirit Airlines (SAVE.N) talks for a $500 million United States government rescue loan have stalled. Lenders led by Citadel rejected terms that would reduce the value of their existing claims. Failure to secure this bridge financing increases the risk of a liquidity crunch for the budget carrier.
