Spirit AeroSystems to repay revolver with proceeds of new notes

By Rebecca Melvin

New York, April 14 – Spirit AeroSystems Holdings Inc. said it plans to repay all or a portion of its revolving credit facility with proceeds from an offering of $1 billion of senior secured second-lien notes due 2025, according to a news release.

The notes are being offered by Spirit AeroSystems Inc., a wholly owned subsidiary of the holding company, and will be guaranteed by the holding company and Spirit AeroSystems North Carolina Inc.

Spirit AeroSystems is a Wichita, Kan.-based maker of commercial and military airplane components, including fuselages, propulsion systems and wings.

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