Spirit Airlines Announces Sale of Common Stock by Oaktree

MIRAMAR, Fla., July 31, 2012 (GLOBE NEWSWIRE) — Spirit Airlines, Inc. (Nasdaq:SAVE) announced today the public offering of 9,394,927 shares of common stock by certain existing stockholders affiliated with Oaktree Capital Management, L.P. (“Oaktree”). Upon completion of the offering, investment funds affiliated with Oaktree will own no shares of common stock of Spirit Airlines. The company will not receive any proceeds from this offering. Deutche Bank Securities is acting as the sole underwriter for the offering.