WICHITA,
Kan., June 4, 2014 /CNW/ - 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
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SOURCE Spirit AeroSystems Holdings, Inc.