WICHITA,
Kan., March 17, 2014 /CNW/ - Spirit AeroSystems
Holdings, Inc. (NYSE: SPR) announced today the interim results of
the previously announced tender offer and consent solicitation by
its wholly-owned subsidiary Spirit AeroSystems, Inc. (the
"Company"), for its 7 ½% Senior Notes due 2017 (the "Notes"). As of
5:00
pm, New York City time, on March 17, 2014 (the
"Consent Date"), $227,160,000 aggregate principal amount of
the Notes had been tendered and the related consents delivered.
Pursuant to the terms of the tender offer, the Company will
accept for payment all Notes validly tendered (and not validly
withdrawn) prior to the Consent Date, and holders who tendered such
Notes will receive $1,041.25 per $1,000 in principal
amount of Notes validly tendered, plus accrued and unpaid interest
up to, but not including, the payment date for such Notes, which is
expected to be tomorrow, March 18, 2014.
The tender offer will expire at 11:59 p.m.,
New York
City time, on March 31, 2014, unless extended (such date
and time, as the same may be extended, the "Expiration Date").
Holders who validly tender their Notes after the Consent Date and
before the Expiration Date will be eligible to receive $1,011.25 per
$1,000
principal amount of Notes, plus accrued and unpaid interest up to,
but not including, the final settlement date, which is expected to
be the next business day after the Expiration Date.
Based on the consents received, the Company and the trustee
under the indenture governing the Notes will enter into a
supplemental indenture that would amend the indenture governing the
Notes to eliminate most of the covenants and certain default
provisions applicable to the Notes. The supplemental indenture,
which will become operative once Notes tendered prior to the
consent expiration have been accepted for payment, will be binding
on the holders of Notes not purchased in the tender offer.
Tendered Notes may no longer be withdrawn and the related
consents may no longer be revoked. Any extension, delay,
termination or amendment of the tender offer will be followed as
promptly as practicable by a public announcement thereof.
The complete terms and conditions of the tender offer and
consent solicitation are described in the Offer to Purchase and
Consent Solicitation Statement, dated March 4, 2014,
copies of which may be obtained from Global Bondholder Services
Corporation, the depositary and information agent for the tender
offer and consent solicitation, at (866) 470-4200 (US toll-free)
or, for banks and brokers, (212) 430-3774.
BofA Merrill Lynch is acting as dealer manager and solicitation
agent for the tender offer and the consent solicitation. Questions
regarding the tender offer and consent solicitation may be directed
to BofA Merrill Lynch, (888) 292-0070 (toll-free) or (980) 387-3907
(collect).
This press release is for informational purposes only and is
neither an offer to purchase nor a solicitation of an offer to sell
the Notes. This press release also is not a solicitation of
consents to the proposed amendments to the indenture and the Notes.
The tender offer and consent solicitation are being made solely by
means of the tender offer and consent solicitation documents,
including the Offer to Purchase and Consent Solicitation Statement
that Spirit is distributing to holders of Notes. The tender offer
and consent solicitation are not being made to holders of Notes in
any jurisdiction in which the making or acceptance thereof would
not be in compliance with the securities, blue sky or other laws of
such jurisdiction.
"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
Logo -
http://photos.prnewswire.com/prnh/20130515/CG13652LOGO
SOURCE Spirit AeroSystems Holdings, Inc.