WICHITA, Kan., June 4, 2014 /PRNewswire/ -- Spirit AeroSystems
Holdings, Inc. (NYSE: SPR) (the "Company") today announced the
pricing of a previously announced public secondary offering of
8,168,351 shares of the Company's class A common stock by selling
stockholders at a public offering price of $32.45 per share. The Company will not
receive any proceeds from the offering. The shares are being
offered by affiliates of Onex Corporation ("Onex") and current and
former members of management of the Company. Onex will no
longer maintain voting control of the Company following the
completion of this offering. The shares are being offered pursuant
to an automatic shelf registration statement on Form S-3 filed on
June 4, 2014 with the U.S. Securities
and Exchange Commission ("SEC").
As previously announced, the Company will repurchase from the
underwriters 4,000,000 of the 8,168,351 shares of the Company's
class A common stock that are the subject of the offering
concurrently with, and subject to, the closing of the offering. The
Company's per-share purchase price for the repurchased shares will
be the same as the per-share purchase price payable by the
underwriters to the selling stockholders. The repurchased shares
will no longer be outstanding following completion of the offering.
The Company expects to fund the share repurchase with cash on
hand.
Morgan Stanley and Barclays are acting as underwriters for the
offering. The offering is expected to close on June 10, 2014, subject to customary closing
conditions.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities law of any such jurisdiction.
The offering will be made only by means of a prospectus supplement
and accompanying base prospectus, copies of which may be obtained
from Morgan Stanley & Co. LLC, Attn: Prospectus department: 180
Varick Street, 2nd Floor, New
York, NY 10014 or Barclays Capital Inc., c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717,
Barclaysprospectus@broadridge.com, (888) 603-5847, and from the
SEC's website at www.sec.gov, when available.
"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 of 1933, as amended, 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 secondary offering of
shares of class A common stock. These forward-looking
statements involve known and unknown risks, uncertainties and other
factors discussed in the Company's filings with 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 Holdings, 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 Holdings, 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
Holdings, Inc.'s business in general, please refer to the Company's
SEC filings.
On the web: http://www.spiritaero.com
Logo -
http://photos.prnewswire.com/prnh/20130515/CG13652LOGO
SOURCE Spirit AeroSystems Holdings, Inc.