Spirit Airlines (SAVE) is working with law firm Davis Polk & Wardwell and investment bank Perella Weinberg as it explores ways to address its $1.1B of 8% senior secured notes due 2025 and $500M of convertible bonds maturing 2026 to address its debt maturities after a proposed acquisition by JetBlue Airways (JBLU) was blocked last month, people with knowledge of the matter told The Wall Street Journal’s Jodi Xu Klein and Alexander Gladstone.
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