Spirit Airlines Says As Of Dec 31, 2023, Company Had $1.3B Of Liquidity, Including Unrestricted Cash And Cash Equivalents, Short-term Investment Securities; Company Is Assessing Options To Refinance 2025 Debt Maturities
Portfolio Pulse from Benzinga Newsdesk
Spirit Airlines reported having $1.3 billion in liquidity as of December 31, 2023, which includes unrestricted cash, cash equivalents, and short-term investment securities. The company is currently exploring options to refinance its debt maturing in 2025.

January 19, 2024 | 11:59 am
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Spirit Airlines has a strong liquidity position with $1.3 billion as of the end of 2023 and is taking proactive steps to manage its debt by considering refinancing options for 2025 maturities.
The news about Spirit Airlines' strong liquidity position is likely to be viewed positively by investors as it indicates financial stability. Additionally, the company's efforts to refinance its upcoming debt maturities could be seen as a prudent financial management move, which may reduce interest expenses and improve long-term financial flexibility. This could lead to a short-term positive impact on the stock price.
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