WICHITA, Kan., March 27, 2012 /PRNewswire/ -- Spirit
AeroSystems, Inc. ("Spirit" or "the Company"), a wholly-owned
subsidiary of Spirit AeroSystems Holdings, Inc. (NYSE:SPR),
announced today that it has launched a transaction to refinance its
existing senior secured credit facilities. The proposed transaction
would extend the maturity of the Company's $650 million revolving credit facility from 2014
to 2017 and is expected to include a $550
million term loan B maturing in 2019 to replace the existing
term loan that matures in two tranches in 2013 and 2016.
The entry into the new credit facilities will be contingent
upon, among other things, a successful syndication and the
satisfaction of conditions precedent to the definitive loan
documentation. The terms of the new credit facilities, including
those described above, could change materially between the date
hereof and the effectiveness of the facilities.
This press release contains forward-looking statements
including, but not limited to, statements about Spirit's intention
to refinance its senior secured credit facilities. These statements
are subject to the general inherent risks in Spirit's business and
in the credit markets and reflect the Company's current
expectations regarding these matters. These expectations may or may
not be realized. Some of these expectations may be based upon
assumptions or judgments that prove to be incorrect. In addition,
Spirit's business and operations involve numerous risks and
uncertainties, many of which are beyond its control, which could
result in Spirit's expectations not being realized or otherwise
materially affect the Company's financial condition, results of
operations and cash flows. 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 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 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's business in general, please refer to Spirit AeroSystems
Holdings, Inc.'s filings with the Securities and Exchange
Commission.
On the web: www.spiritaero.com
About Spirit AeroSystems, Inc.
Spirit AeroSystems, with headquarters in Wichita, Kan., USA, is the world's largest
non-OEM designer and manufacturer of aerostructures for commercial
aircraft. In addition to its Kansas facility, Spirit has locations in
Tulsa and McAlester, Okla.; Kinston, N.C.; Prestwick, Scotland; Preston,
England; Subang, Malaysia;
and Saint-Nazaire, France. 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.
SOURCE Spirit AeroSystems, Inc.