Ducera advised the ad hoc group of convertible bondholders in Spirit AirlinesChapter 11 restructuring. Spirit Airlines completed its consensual reorganization and emerged from bankruptcy on March 12, 2025. The airline delivered its balance sheet through equitization of $795 million of funded debt and received $350 million in new equity capital from its prepetition secured and convertible bondholders. Spirit Airlines expects to re-list its shares on a stock exchange as soon as reasonably practicable.
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