Spirit gets tenders for $202.56 million 5.25% notes, to call rest

By Susanna Moon

Chicago, May 30 – Spirit AeroSystems Holdings, Inc. said its wholly owned subsidiary, Spirit AeroSystems Inc., received tenders for $202,556,000 of its $300 million 5.25% senior notes due March 15, 2022.

The tender offer ended at 5 p.m. ET on May 29.

As announced May 22, the purchase price will be $1,028.50 per $1,000 principal amount plus accrued interest up to but excluding the settlement date.

Spirit plans to redeem all of the remaining notes on June 29, according to a company update on Wednesday.

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

As reported, Spirit sold $1.3 billion of senior notes in three tranches on May 22.

BofA Merrill Lynch (888 292-0070 or 980 387-2113) is the dealer manager. Global Bondholder Services Corp. (866 470-4500, 212 430-3774 or gbsc-usa.com/Spirit) is the depositary and information agent.

Spirit AeroSystems is a Wichita, Kan.-based maker of commercial and military airplane components, including fuselages, propulsion systems and wings.

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