Spirit prices secondary offering at $14.50 per share

Posted 23/01/2012

Spirit Airlines (NK), which launched an IPO last year (ATW, Oct. 1), priced a secondary offering of 11 million shares of common stock at $14.50 per share.

The Ft. Lauderdale, Fla.-based low-cost carrier said Friday the shares are being sold by existing stockholders including affiliates of Oaktree Capital Management, its largest shareholder, and Indigo Partners and "certain members of the company's executive team."