The agreement with U.S. Bank National Association provides some elbow room to Spirit to refinance its $1.1 billion loyalty bonds due to mature next year...
- Shares of Spirit Airlines surged as much as 46% on Monday after the ultra low-cost carrier reached a deal with its credit card processor to extend a debt refinancing deadline by two months until Dec. 23.
"Spirit has to address debt payment timing and resizing the fixed cost structure, and it is still unclear if this can be completed with/without Chapter 11," said Savanthi Syth, analyst at Raymond James. Microsoft will begin allowing companies to create their own autonomous AI agents starting in November through its Co-Pilot Studio. The AI platform will now permit businesses to develop customized AI assistants. Catalysts Co-Hosts Seana Smith and Madison Mills dive into the details, discussing how this new tool aims to boost enterprise productivity and efficiency. To watch more expert insights and analysis on the latest market action, check out more Catalysts here.
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