Spirit AeroSystems, Inc. has announced a private offering of USD 1.0 billion aggregate principal amount of senior secured second lien notes due 2025, the company said.
Spirit plans to use the net proceeds from the offering for general corporate purposes, including to repay all or a portion of its revolver.
The Notes will be guaranteed by the Company and Spirit AeroSystems North Carolina, Inc., a wholly owned subsidiary of Spirit, and secured by certain real property and personal property.
Spirit AeroSystems, Inc. is a wholly owned subsidiary of Spirit AeroSystems Holdings, Inc. [NYSE: SPR].
Spirit AeroSystems designs and builds aerostructures for both commercial and defense customers. With headquarters in Wichita, Kansas, Spirit operates sites in the US, UK, France and Malaysia.