Originally Posted by
PurringRaccoon
So the fate of Spirit gets decided by this weekend? Either refianance the maturing debts or file bankrupcy?
I can't imagine the debt holders wanting to deal with bankrupcy. I really hope a deal is reached and my good friends at Spirit are kept safe from additional furloughs
I can’t imagine the debt holders want to take a greater loss in bankruptcy. I suspect the hold up is they want to see a viable plan moving forward, if they are to refinance the debt. If they can’t see a path forward to profitability, they might just take the loss earlier on as opposed to down the road.