Spirit AeroSystems Inc. Announces Offering of Senior Unsecured Notes
WICHITA, Kan., May 24, 2016 /PRNewswire/ -- Spirit AeroSystems Inc., a wholly-owned subsidiary of Spirit AeroSystems Holdings, Inc. [NYSE: SPR] (the "Company") announced today that it intends to commence a public offering (the "Offering") of senior unsecured notes due 2026 (the "Notes"). The Notes are being offered pursuant to an automatic shelf registration statement filed on May 17, 2016 with the U.S. Securities and Exchange Commission (the "SEC") on Form S-3. The Notes will be issued by Spirit AeroSystems Inc. and at the closing of the Offering will be unconditionally guaranteed, jointly and severally, on a senior unsecured basis, by the Company and its domestic subsidiaries (other than Spirit AeroSystems Inc.) that guarantee Spirit AeroSystems Inc.'s obligations under its senior credit facility. The guarantees will be subject to release in accordance with the indenture that will govern the Notes.
Spirit AeroSystems Inc. intends to use the net proceeds from the Offering, together with cash on hand, to repurchase its outstanding 63/4% senior notes due 2020 (the "2020 Notes") (whether pursuant to a tender offer, redemption or otherwise) and to pay related interest, fees and expenses. Pending any specific application, Spirit AeroSystems Inc. may initially use those proceeds for other general corporate purposes.
Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC are acting as joint book-running managers of the Offering. The Offering will be made only by means of a prospectus supplement and accompanying base prospectus, copies of which may be obtained by contacting Merrill Lynch, Pierce, Fenner & Smith Incorporated at 200 North College Street, Charlotte NC 28255-0001, Attn: Prospectus Department or by e-mail: firstname.lastname@example.org; Citigroup Global Markets Inc. at 1155 Long Island Avenue, Edgewood, NY 11717, c/o Broadridge Financial Solutions, Telephone: 1-800-831-9146 or by e-mail: email@example.com; or Morgan Stanley & Co. LLC at 180 Varick Street, New York, NY 10014; Attn: Prospectus Department, Telephone: 1-800-718-1659 or by e-mail: firstname.lastname@example.org.
When available, an electronic copy of the preliminary prospectus supplement and accompanying base prospectus may also be obtained at no charge at the Securities and Exchange Commission's website at http://www.sec.gov.
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. This press release does not constitute an offer to purchase or a notice of redemption with respect to the 2020 Notes. The offering is being made pursuant to an effective registration statement on Form S-3 previously filed by Spirit AeroSystems Inc. with the Securities and Exchange Commission.
"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 of 1933, as amended, 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 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, 2015 and its Quarterly Report on Form 10-Q for the period ended March 31, 2016.
About Spirit AeroSystems Inc.
Spirit AeroSystems designs and builds aerostructures for both commercial and defense customers. With headquarters in Wichita, Kansas, Spirit operates sites in the U.S., U.K., France and Malaysia. The company's core products include fuselages, pylons, nacelles and wing components for the world's premier aircraft. Spirit AeroSystems focuses on affordable, innovative composite and aluminum manufacturing solutions to support customers around the globe.
SOURCE Spirit AeroSystems Inc.