Spirit AeroSystems to Offer $1.2 Billion in Notes
November 08 2023 - 1:45PM
Dow Jones News
By Ben Glickman
Spirit AeroSystems will launch a $1.2 billion private placement
of senior secured notes, effectively pushing out certain debt
maturities by five years.
The Wichita, Kan.-based airplane-part manufacturer said the
proceeds from the private offering, as well as cash on hand, would
be used to fund a tender offer for whatever is outstanding on its
$1.2 billion in notes due 2025. The new notes will be due 2030.
The company said any remaining proceeds from the offering would
be used for general corporate purposes.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
November 08, 2023 13:30 ET (18:30 GMT)
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