MIRAMAR, Fla., Jan. 17, 2012 (GLOBE NEWSWIRE) -- Spirit Airlines, Inc. (Nasdaq:SAVE) announced today its intention to conduct a secondary offering to the public of 11,000,000 shares of common stock. In addition, the underwriters will have a 30-day option to purchase from selling stockholders up to an additional 1,650,000 shares of common stock to cover over-allotments, if any. All of the shares of common stock will be offered and sold by existing stockholders of the company, including affiliates of Oaktree Capital Management and Indigo Partners and certain members of the company's executive team, and the selling stockholders will receive all of the net proceeds from the offering. The company will not be selling any shares in the offering. Barclays Capital, Morgan Stanley and Citigroup will be joint bookrunners for the offering. Deutsche Bank Securities, Raymond James, Dahlman Rose & Company, Evercore Partners and Macquarie Capital will be the co-managers.
The offering is being made by the selling stockholders by means of a written prospectus that will form part of the effective registration statement. Copies of the preliminary prospectus, when available, may be obtained from Barclays Capital, c/o Broadridge Financial Solutions, 1155 Long Island Ave., Edgewood, NY, 11717, Telephone (888) 603-5847 or by e-mail at barclaysprospectus@broadridge.com, Morgan Stanley, Attn: Prospectus Department, 180 Varick Street, New York, NY 10014 or by emailing prospectus@morganstanley.com or Citigroup, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220, Telephone (800) 831-9146 or by emailing batprospectusdept@citi.com.
A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission (the "SEC"), but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. The registration statement on Form S-1 and all subsequent amendments may be accessed through the SEC's website at www.sec.gov
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
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Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve risks and uncertainties, including statements regarding the proposed secondary public offering. More information about potential factors that could affect Spirit Airlines' business and financial results is contained in its quarterly report on Form 10-Q filed with the SEC. The Company does not intend, and undertakes no duty, to update this information to reflect future events or circumstances.