Spirit AeroSystems Inc., a wholly-owned subsidiary of Spirit AeroSystems Holdings Inc. (SPR) announced that it intends to offer $300 million in aggregate principal amount of senior notes due 2017 in a private placement.
Spirit AeroSystems said that it 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 this offering.
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