WICHITA, Kan., May 24, 2016 /PRNewswire/ -- Spirit
AeroSystems Inc., a wholly-owned subsidiary of Spirit AeroSystems
Holdings, Inc. [NYSE: SPR] (the "Company") announced today that it
intends to commence a public offering (the "Offering") of senior
unsecured notes due 2026 (the "Notes"). The Notes are being
offered pursuant to an automatic shelf registration statement filed
on May 17, 2016 with the U.S.
Securities and Exchange Commission (the "SEC") on Form S-3.
The Notes will be issued by Spirit AeroSystems Inc. and at the
closing of the Offering will be unconditionally guaranteed, jointly
and severally, on a senior unsecured basis, by the Company and its
domestic subsidiaries (other than Spirit AeroSystems Inc.) that
guarantee Spirit AeroSystems Inc.'s obligations under its senior
credit facility. The guarantees will be subject to release in
accordance with the indenture that will govern the Notes.
Spirit AeroSystems Inc. intends to use the net proceeds from the
Offering, together with cash on hand, to repurchase its outstanding
63/4% senior notes due 2020 (the "2020
Notes") (whether pursuant to a tender offer, redemption or
otherwise) and to pay related interest, fees and expenses. Pending
any specific application, Spirit AeroSystems Inc. may initially use
those proceeds for other general corporate purposes.
Merrill Lynch, Pierce, Fenner & Smith Incorporated,
Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC are
acting as joint book-running managers of the Offering. The
Offering will be made only by means of a prospectus supplement and
accompanying base prospectus, copies of which may be obtained by
contacting Merrill Lynch, Pierce, Fenner & Smith Incorporated
at 200 North College Street, Charlotte NC 28255-0001, Attn:
Prospectus Department or by e-mail:
dg.prospectus_requests@baml.com; Citigroup Global Markets Inc. at
1155 Long Island Avenue, Edgewood,
NY 11717, c/o Broadridge Financial Solutions, Telephone:
1-800-831-9146 or by e-mail: prospectus@citi.com; or Morgan Stanley
& Co. LLC at 180 Varick Street, New
York, NY 10014; Attn: Prospectus Department, Telephone:
1-800-718-1659 or by e-mail: prospectus@morganstanley.com.
When available, an electronic copy of the preliminary prospectus
supplement and accompanying base prospectus may also be obtained at
no charge at the Securities and Exchange Commission's website at
http://www.sec.gov.
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. This press release does
not constitute an offer to purchase or a notice of redemption with
respect to the 2020 Notes. The offering is being made pursuant to
an effective registration statement on Form S-3 previously filed by
Spirit AeroSystems Inc. with the Securities and Exchange
Commission.
"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 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 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, 2015 and its Quarterly Report on Form 10-Q for
the period ended March 31, 2016.
About Spirit AeroSystems Inc.
Spirit AeroSystems designs and builds aerostructures for both
commercial and defense customers. With headquarters in Wichita, Kansas, Spirit operates sites in the
U.S., U.K., France and
Malaysia. The company's core
products include fuselages, pylons, nacelles and wing components
for the world's premier aircraft. Spirit AeroSystems focuses on
affordable, innovative composite and aluminum manufacturing
solutions to support customers around the globe.
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SOURCE Spirit AeroSystems Inc.