Spirit AeroSystems Holdings, Inc. [NYSE: SPR] (the “Company”) announced today that Spirit AeroSystems, Inc. (“Spirit”), a wholly owned subsidiary of the Company, has given a conditional notice of its intention to redeem in full the outstanding $300 million principal amount of its 3.950% Senior Notes due 2023 (CUSIP Number 85205T AJ9) (the “Notes”) on November 23, 2022 (the “Redemption Date”). The Notes will be redeemed at a redemption price equal to the greater of 100% of the principal amount of the Notes or a price based on the adjusted treasury rate plus twenty basis points, plus, in either case, accrued and unpaid interest to, but excluding, the Redemption Date. The redemption of the Notes is conditioned on the completion by Spirit of an issuance of at least $800 million aggregate principal amount of senior notes no later than the Redemption Date on terms and conditions satisfactory in all respects to Spirit in its sole and absolute discretion.
Spirit has instructed The Bank of New York Mellon Trust Company, N.A., as the trustee for the Notes, to distribute a notice of redemption to all registered holders of the Notes.
About Spirit AeroSystems Inc.
Spirit AeroSystems is one of the world’s largest manufacturers of aerostructures for commercial airplanes, defense platforms, and business/regional jets. With expertise in aluminum and advanced composite manufacturing solutions, the company’s core products include fuselages, integrated wings and wing components, pylons, and nacelles. Also, Spirit serves the aftermarket for commercial and business/regional jets. Headquartered in Wichita, Kansas, Spirit has facilities in the U.S., U.K., France, Malaysia and Morocco.
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