Spirit AeroSystems to sell $400 million senior secured notes as part of debt refinancing

By Paul A. Harris and Sara Rosenberg

Portland, Ore., Sept. 22 – Spirit AeroSystems Holdings Inc. plans to sell $400 million of senior secured notes, according to a market source.

On Tuesday the Wichita, Kan.-based company launched a $400 million term loan on a lender call. BofA Securities Inc. is leading the loan.

Proceeds from the notes and loan will be used to repay in full amounts borrowed under a term loan A and delayed-draw term loan A and for general corporate purposes.

Spirit AeroSystems is a designer and builder of aerostructures for both commercial and defense customers.

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