Spirit AeroSystems Announces Closing of $300 Million Senior Notes Offering
01 October 2009 - 2:58AM
PR Newswire (US)
WICHITA, Kan., Sept. 30 /PRNewswire/ -- Spirit AeroSystems, Inc.
("Spirit"), a wholly-owned subsidiary of Spirit AeroSystems
Holdings, Inc. (NYSE:SPR) (the "Company"), announced today the
completion of its previously announced private offering of $300
million aggregate principal amount of its 7 1/2% senior unsecured
notes due 2017 (the "Notes"). The Notes were sold in a private
placement pursuant to Rule 144A and Regulation S under the
Securities Act of 1933, as amended (the "Securities Act"). The
Notes were sold at a price equal to 97.804% of the principal amount
thereof, resulting in gross proceeds from this offering of
approximately $293.4 million. The net proceeds from the offering
will be used to repay borrowings under Spirit's existing senior
secured revolving credit facility without any reduction of the
lenders' commitment thereunder, for general corporate purposes and
to pay fees and expenses incurred in connection with the offering.
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
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. "Safe Harbor"
Statement Under the Private Securities Litigation Reform Act of
1995: This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act and Section 21E of
the Securities Exchange Act of 1934, as amended. These
forward-looking statements include, but are not limited to,
statements related to the offering of the Notes and the anticipated
use of proceeds therefrom. These forward-looking statements involve
known and unknown risks, uncertainties and other factors discussed
in the Company's filings with the Securities and Exchange
Commission (the "SEC"). Any forward-looking statements speak only
as of the date of this press release and, except to the extent
required by applicable securities laws, Spirit expressly disclaims
any obligation to update or revise any of them to reflect actual
results, any changes in expectations or any change in events. If
Spirit does update one or more forward-looking statements, no
inference should be drawn that it will make additional updates with
respect to those or other forward-looking statements. For
additional information concerning risks, uncertainties and other
factors that may cause actual results to differ from those
anticipated in the forward-looking statements, and risks to
Spirit's business in general, please refer to the Company's SEC
filings, including its Annual Report on Form 10-K for the fiscal
year ended December 31, 2008 and its Quarterly Reports on Form 10-Q
for the quarterly periods ended April 2, 2009 and July 2, 2009. On
the web: http://www.spiritaero.com/ About Spirit AeroSystems, Inc.
Based in Wichita, Kan., Spirit AeroSystems is the world's largest
independent supplier of commercial airplane assemblies and
components. In addition to its Kansas facility, Spirit has
locations in Tulsa and McAlester, Okla.; Prestwick, Scotland;
Samlesbury, England; Kuala Lumpur, Malaysia; and is developing a
new manufacturing facility in Kinston, N.C. In the U.S., Spirit's
core products include fuselages, pylons, nacelles and wing
components. Additionally, Spirit provides aftermarket customer
support services, including spare parts,
maintenance/repair/overhaul, and fleet support services in North
America, Europe and Asia. Spirit Europe produces wing components
for a host of customers, including Airbus. DATASOURCE: Spirit
AeroSystems, Inc. CONTACT: Debbie Gann, Corporate Communications of
Spirit AeroSystems, Inc., +1-316-526-3910 Web Site:
http://www.spiritaero.com/
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