Spirit Aerosystems Closes Private Offering Of $900 Million 9.375% Senior Secured First Lien Notes Due 2029; Closes Amendment Of $594 Million Senior Secured Term Loan B Credit Facility
Spirit Aerosystems Closes Private Offering Of $900 Million 9.375% Senior Secured First Lien Notes Due 2029; Closes Amendment Of $594 Million Senior Secured Term Loan B Credit Facility
11/23/22, 9:36 PM
Location
wichitaMoney raised
$594 million
Industry
aerospace
manufacturing
Investors
Spirit Aero Systems Holdings, Inc.
Spirit AeroSystems Holdings, Inc. [NYSE: SPR] (the “Company”) announced today the closing of the private offering of $900 million aggregate principal amount of 9.375% Senior Secured First Lien Notes due 2029 (the “Notes”) issued by Spirit AeroSystems, Inc. (“Spirit”), a wholly owned subsidiary of the Company. Concurrent with the closing of the offering, Spirit closed an amendment of its $594 million senior secured term loan B credit facility, incurring a new tranche of term loans (the “Term Loan”), which matures in January 2027, to refinance its existing term loans scheduled to mature in January 2025.
Company Info
Location
wichita, kansas, united states
Additional Info
Spirit AeroSystems is one of the world’s largest manufacturers of aerostructures for commercial airplanes, defense platforms, and business/regional jets. With expertise in aluminum and advanced composite manufacturing solutions, the company’s core products include fuselages, integrated wings and wing components, pylons, and nacelles. Also, Spirit serves the aftermarket for commercial and business/regional jets. Headquartered in Wichita, Kansas, Spirit has facilities in the U.S., U.K., France, Malaysia and Morocco.