WICHITA,
Kan., March 18, 2014 /CNW/ - 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 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.
"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 AeroSystems,
Inc. 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 AeroSystems, Inc. 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 AeroSystems, Inc.'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, 2013.
On the web: http://www.spiritaero.com
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SOURCE Spirit AeroSystems