Spirit AeroSystems Announces Pricing of Senior Notes Offering
25 September 2009 - 12:42AM
PR Newswire (US)
WICHITA, Kan., Sept. 24 /PRNewswire-FirstCall/ -- Spirit
AeroSystems, Inc., a wholly-owned subsidiary of Spirit AeroSystems
Holdings, Inc. (NYSE: SPR) (the "Company") announced today the
pricing of $300 million aggregate principal amount of its 7 1/2%
senior unsecured notes due 2017 (the "Notes"). The Notes will be
sold in a private placement pursuant to Rule 144A and Regulation S
under the Securities Act of 1933, as amended, subject to market and
other conditions. The Notes will be issued at a price equal to
97.804% of the principal amount thereof. The Company expects the
offering to close on September 30, 2009, subject to the
satisfaction of customary closing conditions. Spirit AeroSystems,
Inc. intends to use the net proceeds from the offering to repay
borrowings under its existing senior secured revolving credit
facility without any reduction of the lenders' commitment
thereunder, for general corporate purposes and to pay fees and
expenses incurred in connection with the offering. 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, 2008 and its
Quarterly Reports on Form 10-Q for the quarter periods ended April
2, 2009 and July 2, 2009. On the web: http://www.spiritaero.com/
About Spirit AeroSystems Inc. Based in Wichita, Kan., Spirit
AeroSystems is the world's largest independent supplier of
commercial airplane assemblies and components. In addition to its
Kansas facility, Spirit has locations in Tulsa and McAlester,
Okla.; Prestwick, Scotland; Samlesbury, England; Kuala Lumpur,
Malaysia; and is developing a new manufacturing facility in
Kinston, N.C. In the U.S., Spirit's core products include
fuselages, pylons, nacelles and wing components. Additionally,
Spirit provides aftermarket customer support services, including
spare parts, maintenance/repair/overhaul, and fleet support
services in North America, Europe and Asia. Spirit Europe produces
wing components for a host of customers, including Airbus.
DATASOURCE: Spirit AeroSystems CONTACT: Debbie Gann, Corporate
Communications of Spirit AeroSystems, +1-316-526-3910 Web Site:
http://www.spiritaero.com/
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