WICHITA, Kan., May 24, 2016 /PRNewswire/ -- Spirit
AeroSystems Holdings, Inc. [NYSE: SPR] announced today that Spirit
AeroSystems Inc. ("Spirit"), its wholly-owned subsidiary, has
commenced an offer to purchase for cash any and all of the
$300 million outstanding principal
amount of its 6 3/4% Senior Notes due 2020 (CUSIP No. 85205TAD2)
(the "Notes"). The tender offer is being made upon the terms
and subject to the conditions set forth in the Offer to Purchase
dated May 24, 2016, and a related
Letter of Transmittal and Notice of Guaranteed Delivery, which set
forth the terms and conditions of the tender offer in full detail.
The tender offer is open to all registered holders of the Notes.
The purpose of the tender offer is to retire debt associated with
the Notes.
Notes validly tendered and not validly withdrawn at or prior to
5 p.m. New
York City time on May 31, 2016
(the "Expiration Date") will be eligible to receive the purchase
price of $1,037.25 per $1,000 principal amount of Notes tendered.
Tendering holders will also receive accrued and unpaid interest
from the last applicable interest payment date to, but not
including, the settlement date of the tender offer.
Tendered Notes can only be withdrawn before 5 p.m., New York
City time on the Expiration Date (the "Withdrawal
Deadline"). Following the Withdrawal Deadline, holders who have
tendered their Notes may not withdraw such Notes unless Spirit is
required to extend withdrawal rights under applicable law.
Spirit expressly reserves the right, in its sole discretion,
subject to applicable law, to terminate the tender offer at any
time prior to the Expiration Date. The tender offer is subject to
the satisfaction of various conditions set forth in the Offer to
Purchase, including the receipt by Spirit of proceeds from a
proposed debt financing on terms reasonably satisfactory to
Spirit.
BofA Merrill Lynch is acting as the sole dealer manager for the
tender offer. The depositary and information agent for the
tender offer is Global Bondholder Services Corporation.
Questions regarding the tender offer may be directed to BofA
Merrill Lynch, (888) 292-0070 (toll-free) or (980) 388-3646
(collect). Requests for copies of the Offer to Purchase and
related documents may be directed to Global Bondholder Services
Corporation, telephone number (866) 470-4500 (toll free) and (212)
430-3774 (for banks and brokers) or by visiting
http://www.gbsc-usa.com/Spirit.
This press release is for informational purposes only and is
neither an offer to purchase nor a solicitation of an offer to sell
the Notes. The tender offer is being made solely by means of the
tender offer documents, including the Offer to Purchase that Spirit
is distributing to holders of Notes. The tender offer is not
being made to holders of Notes in any jurisdiction in which the
making or acceptance thereof would not be in compliance with the
securities, blue sky or other laws of such jurisdiction.
"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 terms of the tender offer. 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, 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. More information
is available at www.SpiritAero.com.
Logo -
http://photos.prnewswire.com/prnh/20130515/CG13652LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/spirit-aerosystems-inc-commences-cash-tender-offer-for-any-and-all-of-its-outstanding-6-34-senior-notes-due-2020-300273859.html
SOURCE Spirit AeroSystems Inc.