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Spirit AeroSystems unit plans $300M notes offering

By Amarendra Bhushan for CEOWORLD Magazine Updated:September 21, 2009

Spirit AeroSystems, Inc., a wholly-owned subsidiary of Spirit AeroSystems Holdings, Inc. (NYSE: SPR) (the “Company”) announced today that it intends to offer $300 million in aggregate principal amount of senior notes due 2017 (the “Notes”) in a private placement to be conducted pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended, subject to market and other conditions. The Notes will be issued by Spirit AeroSystems, Inc. and guaranteed by the Company and its subsidiaries that guarantee its senior secured credit facility on a full and unconditional basis.

Spirit AeroSystems, Inc. intends to use the net proceeds from the offering to repay borrowings under its 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 this offering.

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.

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