Spirit AeroSystems closes $300mn senior notes offering

19 Mar '14

2 min read

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

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