Spirit AeroSystems tenders for $300 million 6.75% notes due 2020

By Susanna Moon

Chicago, May 24 – Spirit AeroSystems Holdings, Inc. said wholly owned subsidiary Spirit AeroSystems Inc. is tendering for its $300 million outstanding principal amount of its 6.75% senior notes due 2020.

The purchase price will be $1,037.25 per $1,000 principal amount.

Holders will also receive accrued interest to but excluding the settlement date.

The tender offer will run until 5 p.m. ET on May 31.

The purpose of the offer “is to retire debt associated with the notes,” according to a company announcement.

Tendered notes may be withdrawn before the end of the offer.

The tender offer is contingent on the company obtaining enough proceeds from a proposed debt financing.

BofA Merrill Lynch (888 292-0070 or 980 388-3646) is the dealer manager. Global Bondholder Services Corp. (866 470-4500, 212 430-3774 or gbsc-usa.com/Spirit) is the information agent.

Spirit AeroSystems designs and builds aerostructures for both commercial and defense customers. The company is based in Wichita, Kan.

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