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Spirit AeroSystems Prices $300 Mln Debt Offering - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Spirit AeroSystems Inc., a wholly-owned subsidiary of Spirit AeroSystems Holdings Inc (SPR), said that it has priced $300 million of its 7 1/2% senior unsecured notes due 2017. 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.

Spirit AeroSystems 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.

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