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Published on 6/7/2016 in the Prospect News Investment Grade Daily and Prospect News Liability Management Daily.

Spirit AeroSystems calls 6¾% notes in full following tender offer

By Angela McDaniels

Tacoma, Wash., June 7 – Spirit AeroSystems Holdings, Inc. subsidiary Spirit AeroSystems, Inc. will redeem all of its outstanding 6¾% senior notes due 2020 on July 1, according to an 8-K filing with the Securities and Exchange Commission.

The redemption price is 103.375% of par plus accrued interest up to but excluding the redemption date.

A tender offer for the notes began May 24 and ended May 31.

Following the completion of the tender offer on June 1, the remaining principal amount outstanding of the notes that have been called for redemption is $86.4 million.

As previously reported, the company offered 103.725% of par plus accrued interest up to but excluding the settlement date in the tender offer.

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