Spirit prices secondary offering at $14.50 per share

Spirit Airlines (NK), which launched an IPO last year , 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."

Spirit added that the airline "will not receive any proceeds from this offering." Barclays Capital, Morgan Stanley and Citigroup are joint bookrunners for the offering.

The secondary offering is priced above the $12 per share pricing of the IPO last May but slightly below where the airline's stock is currently trading. The carrier raised $187 million from the IPO.

NK recently finalized an order for 75 Airbus A320 family aircraft including 45 A320neos .