Spirit AeroSystems Holdings, Inc. (NYSE: SPR) subsidiary Spirit AeroSystems Inc. has begun an offer to purchase for cash any and all of the USD300 million outstanding principal amount of its 6 3/4 percent Senior Notes due 2020 (CUSIP No. 85205TAD2), the company said.
The tender offer is being made upon the terms and subject to the conditions set forth in the Offer to Purchase dated May 24, 2016, and a related Letter of Transmittal and Notice of Guaranteed Delivery, which set forth the terms and conditions of the tender offer in full detail. The tender offer is open to all registered holders of the Notes.
The purpose of the tender offer is to retire debt associated with the Notes.
BofA Merrill Lynch is acting as the sole dealer manager for the tender offer.
Spirit AeroSystems designs and builds aerostructures for both commercial and defense customers. With headquarters in Wichita, Kansas, Spirit operates sites in the US, U.K., France and Malaysia.