Convertibles Calendar: Spirit Airlines on tap

April 28

SPIRIT AIRLINES INC.:

• $440 million five-year convertible notes

• Greenshoe of $60 million

• Coupon of 1% to 1.5%, up 37.5% to 42.5%

• Registered

• Barclays, Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc.

• Non-callable until May 15, 2024 and then subject to a 130% hurdle

• Concurrent secondary offering to holders of the 4.75% convertible notes due 2025

• Concurrent repurchase of a portion of the 4.75% convertible notes in privately negotiated transactions

• Proceeds to repurchase the 4.75% convertible notes and for general corporate purposes; proceeds from the secondary offering to repurchase up to $340 million in principal of the 8% senior secured notes due 2025 at a redemption price of 108

• Miramar, Fla.-based airline

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