Why Spirit Airlines Stock Is Taking Off Monday

Spirit Airlines Inc (NYSE:SAVE) shares are trading higher Monday after the company extended its debt refinancing deadline.

What To Know: Spirit Airlines on Friday announced that it reached an agreement with the U.S. Bank National Association to extend its existing credit card processing agreement to Dec. 23. The deadline was previously set to expire on Monday.

The company also announced in the filing that it borrowed all $300 million under its revolving credit facility and said it’s in ongoing discussions with holders of senior secured notes due 2025 and 2026.

“As previously disclosed, ...