Spirit Airlines’ parent company Tuesday announced a series of deals with top creditors that would funnel up to $475 million in critical cash to the troubled discount carrier as it reorganizes for a second time under Chapter 11 of the U.S. Bankruptcy Code.

The company said the “debtor-in-possession” financing is coming from existing bondholders.

As part of a motion filed with the U.S. Bankruptcy Court in New York, “the Company obtained immediate interim access to $120 million,” the airline said in a statement made public Tuesday afternoon. Up to $200 million “is expected to be available upon court approval” after a hearing on Oct. 10.

Spirit is also in line for another $150 million from AerCap Ireland Ltd. after the two companies negotiated a restructuring of the carrier’s aircraft l

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