WICHITA, Kan., March 4, 2014 /PRNewswire/ -- Spirit
AeroSystems, Inc., a wholly-owned subsidiary of Spirit AeroSystems
Holdings, Inc. [NYSE: SPR] (the "Company") announced today that it
intends to offer up to $300 million
in aggregate principal amount of senior unsecured notes due 2022
(the "Notes") in a private placement to be conducted 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 by Spirit AeroSystems, Inc. and will be
unconditionally guaranteed, jointly and severally, on a senior
unsecured basis, by the Company and its existing and future
domestic subsidiaries (other than Spirit AeroSystems, Inc.) that
will guarantee its amended senior secured credit facility.
Spirit AeroSystems, Inc. intends to use the net proceeds from
the offering and cash on hand to repurchase the Company's
outstanding 7½% senior notes due 2017 pursuant to a tender offer
and consent solicitation or otherwise, to pay related fees and
expenses and for other general corporate purposes.
The tender offer and consent solicitation was separately
announced by the Company today and is being made through an Offer
to Purchase and Consent Solicitation Statement dated March 4, 2014, and a related Consent and Letter
of Transmittal, which collectively set forth the terms and
conditions of the tender offer and the consent solicitation in full
detail.
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, 2013.
On the web: http://www.spiritaero.com
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SOURCE Spirit AeroSystems, Inc.