WICHITA, Kan., March 5, 2014 /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 $540.4 million senior
secured term loan B. The proposed transaction is expected to
include a covenant-lite $540.4
million term loan B maturing in 2020 to replace the existing
term loan B that matures in 2019.
The refinancing will be contingent upon, among other things,
obtaining the necessary lender consents and the satisfaction of
conditions precedent to the definitive loan documentation. The
terms of the refinancing, including those described above, could
change materially between the date hereof and the effectiveness of
the facilities, and there is no assurance that the refinancing will
be consummated.
This press release contains forward-looking statements
including, but not limited to, statements about Spirit's intention
to refinance its senior secured term loan B. 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.
About Spirit AeroSystems, Inc.
Spirit AeroSystems, with headquarters in Wichita, Kan., USA, is one of the world's
largest non-OEM designers and manufacturers of aerostructures for
commercial aircraft. In addition to its Wichita and Chanute facilities in Kansas, Spirit has locations in Tulsa and McAlester,
Okla.; Kinston, N.C.;
Nashville, Tenn.; 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.
On the web: http://www.spiritaero.com
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SOURCE Spirit AeroSystems, Inc.