Home / Knowledge / News / Textiles / Spirit AeroSystems closes $300mn senior notes offering
Spirit AeroSystems closes $300mn senior notes offering
Mar '14
Spirit AeroSystems, Inc., a wholly-owned subsidiary of Spirit AeroSystems Holdings, Inc., announced the completion of its previously announced private offering of $300 million aggregate principal amount of its 5 ¼% senior unsecured notes due 2022 (the "Notes").
The Notes were sold in a private placement pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act").
The Notes were sold at a price equal to 100% of the principal amount thereof.  Spirit intends to use the net proceeds from the offering and cash on hand to repurchase Spirit's outstanding 7 ½% senior notes due 2017 pursuant to a tender offer and consent solicitation or otherwise, to pay related fees and expenses and for other general corporate purposes.
The Company announced yesterday that it had received the requisite tenders and consents from the holders of Spirit's outstanding 7 ½% senior notes due 2017 to amend the indenture governing such notes to eliminate most of the covenants and certain default provisions applicable to such notes. 
This press release does not constitute an offer to sell or the solicitation of an offer to buy the notes, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. 
The notes to be offered have not been and will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or applicable state securities laws, and may not be offered or sold in the United States absent registration or pursuant to an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.

Spirit AeroSystems

Must ReadView All

Textiles | On 22nd Oct 2016

Kazanorgsintez picks Technip’s furnace for ethylene plant

Supplier of technology for petrochemical plants, Technip has been...

Textiles | On 22nd Oct 2016

Clariant start ups PP catalyst plant with CB&I technology

Clariant has started up a new polypropylene (PP) catalyst production...

Fashion | On 22nd Oct 2016

DLF Brands will now focus on mass apparel business

DLF company’s retail arm DLF Brands has decided to focus on the mass...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search