Spirit AeroSystems refinances $540.4mn senior term loan

06 Mar '14

1 min read

Spirit AeroSystems, Inc., a wholly-owned subsidiary of Spirit AeroSystems Holdings, Inc., announced that it has launched a transaction to refinance its existing $540.4 million senior secured term loan B.

The proposed transaction is expected to include a covenant-lite $540.4 million term loan B maturing in 2020 to replace the existing term loan B that matures in 2019.

The refinancing will be contingent upon, among other things, obtaining the necessary lender consents and the satisfaction of conditions precedent to the definitive loan documentation.

The terms of the refinancing, including those described above, could change materially between the date hereof and the effectiveness of the facilities, and there is no assurance that the refinancing will be consummated.

About Spirit AeroSystems,Inc.

Spirit AeroSystems, with headquarters in Wichita, Kan., USA, is one of the world's largest non-OEM designers and manufacturers of aerostructures for commercial aircraft. In addition to its Wichita and Chanute facilities in Kansas, Spirit has locations in Tulsa and McAlester, Okla.; Kinston, N.C.; Nashville, Tenn.; Prestwick, Scotland; Preston, England; Subang, Malaysia; and Saint-Nazaire, France. In the U.S., Spirit's core products include fuselages, pylons, nacelles and wing components.

Spirit AeroSystems

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