MEDIA RELEASE PR36291
Spirit AeroSystems Announces Pricing of Senior Notes Offering
WICHITA, Kan., Sept. 25 /PRNewswire-AsiaNet/ --
Spirit AeroSystems, Inc., a wholly-owned subsidiary of Spirit AeroSystems
Holdings, Inc. (NYSE: SPR) (the "Company") announced today the pricing of
US$300 million aggregate principal amount of its 7 1/2% senior unsecured
notes due 2017 (the "Notes"). The Notes will be sold in a private placement
pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as
amended, subject to market and other conditions. The Notes will be issued at
a price equal to 97.804% of the principal amount thereof. The Company expects
the offering to close on September 30, 2009, subject to the satisfaction of
customary closing conditions.
Spirit AeroSystems, Inc. intends to use the net proceeds from the
offering to repay borrowings under its existing senior secured revolving
credit facility without any reduction of the lenders' commitment thereunder,
for general corporate purposes and to pay fees and expenses incurred in
connection with the offering.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy the notes, nor shall it constitute an offer,
solicitation or sale in any jurisdiction in which such offer, solicitation or
sale is unlawful. The notes to be offered have not been and will not be
registered under the Securities Act of 1933, as amended (the "Securities
Act"), or applicable state securities laws, and may not be offered or sold in
the United States absent registration or pursuant to an applicable exemption
from the registration requirements of the Securities Act and applicable state
securities laws.
"Safe Harbor" Statement Under the Private Securities Litigation Reform
Act of 1995: This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act and Section 21E of the
Securities Exchange Act of 1934, as amended. These forward-looking statements
include, but are not limited to, statements related to the offering of the
Notes and the anticipated use of proceeds therefrom. These forward-looking
statements involve known and unknown risks, uncertainties and other factors
discussed in the Company's filings with the Securities and Exchange
Commission (the "SEC"). Any forward-looking statements speak only as of the
date of this press release and, except to the extent required by applicable
securities laws, Spirit AeroSystems, Inc. expressly disclaims any obligation
to update or revise any of them to reflect actual results, any changes in
expectations or any change in events. If Spirit AeroSystems, Inc. does update
one or more forward-looking statements, no inference should be drawn that it
will make additional updates with respect to those or other forward-looking
statements. For additional information concerning risks, uncertainties and
other factors that may cause actual results to differ from those anticipated
in the forward-looking statements, and risks to Spirit AeroSystems, Inc.'s
business in general, please refer to the Company's SEC filings, including its
Annual Report on Form 10-K for the fiscal year ended December 31, 2008 and
its Quarterly Reports on Form 10-Q for the quarter periods ended April 2,
2009 and July 2, 2009.
About Spirit AeroSystems Inc.
Based in Wichita, Kan., Spirit AeroSystems is the world's largest
independent supplier of commercial airplane assemblies and components. In
addition to its Kansas facility, Spirit has locations in Tulsa and McAlester,
Okla.; Prestwick, Scotland; Samlesbury, England; Kuala Lumpur, Malaysia; and
is developing a new manufacturing facility in Kinston, N.C. In the U.S.,
Spirit's core products include fuselages, pylons, nacelles and wing
components. Additionally, Spirit provides aftermarket customer support
services, including spare parts, maintenance/repair/overhaul, and fleet
support services in North America, Europe and Asia. Spirit Europe produces
wing components for a host of customers, including Airbus.
SOURCE: Spirit AeroSystems
CONTACT: Debbie Gann, Corporate Communications of Spirit AeroSystems,
+1-316-526-3910
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