SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 1, 2022 (
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|Item 1.01.|| |
Entry into a Material Definitive Agreement.
On June 30, 2022, in connection with the financing of pre-delivery payments with respect to certain aircraft that Frontier Airlines, Inc. (“Frontier”), a wholly owned subsidiary of Frontier Group Holdings, Inc. (the “Company”), has on order (the “PDP Financing Facility”), Vertical Horizons, Ltd., as borrower (“Vertical Horizons”), entered into an Eighth Amended and Restated Credit Agreement, by and among Vertical Horizons, Citibank, N.A., as facility agent and arranger (“Citibank”), Bank of Utah, not in its individual capacity but solely as security trustee (“Security Trustee”), and the lenders from time to time party thereto (the “Credit Agreement”). The Credit Agreement amended and restated the Seventh Amended and Restated Credit Agreement, dated as of December 28, 2021, by among Vertical Horizons, Citibank, the Security Trustee, and the lenders from time to time party thereto, in its entirety to, among other things, add additional lenders and increase the commitments under the PDP Financing Facility from $200 million to $280 million.
In connection with the execution of the Credit Agreement, Frontier entered into an eighth amended and restated guarantee in favor of the Security Trustee, dated as of June 30, 2022, Frontier Airlines Holdings, Inc., a wholly owned subsidiary of the Company, entered into an eighth amended and restated guarantee in favor of the Security Trustee, dated as of June 30, 2022, and the Company entered into an amended and restated guarantee in favor of the Security Trustee, dated as of June 30, 2022.
|Item 2.03.|| |
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information provided in Item 1.01 is incorporated herein by reference to the extent responsive to Item 2.03.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|FRONTIER GROUP HOLDINGS, INC.|
|Name:||Howard M. Diamond|
|Title:||General Counsel and Secretary|
Date: July 1, 2022