Aerospace and Defense
Company Overview of Spirit AeroSystems, Inc.
Spirit AeroSystems, Inc. operates as a non-OEM designer and manufacturer of aerostructures for commercial, military, and business/regional jets. It offers composite and metallic aircraft fuselages, propulsion systems, wing structures, pylons, nacelles, and wing components. The company also provides aftermarket customer support services, including spare parts, maintenance/repair/overhaul, and fleet support services. It serves commercial and military customers in North America, Europe, Asia, and internationally. Spirit AeroSystems, Inc. was formerly known as Mid-Western Aircraft Systems, Inc. and changed its name to Spirit AeroSystems, Inc. in July 2005. The company was incorporated in 2004 an...
3801 South Oliver Street
Wichita, KS 67210-2112
Founded in 2004
Key Executives for Spirit AeroSystems, Inc.
Chief Executive Officer and President
Chief Financial Officer and Senior Vice President
Chief Operations Officer and Executive Vice President
Chief Technology Officer and Senior Vice President
Chief Scientist and Vice President
Compensation as of Fiscal Year 2013.
Spirit AeroSystems, Inc. Key Developments
Spirit AeroSystems, Inc. Announces Intention to Refinance its Senior Secured Credit Facility
Mar 5 14
Spirit AeroSystems, Inc. announced that it has launched a transaction to refinance its existing $540.4 million senior secured term loan B. The proposed transaction is expected to include a covenant-lite $540.4 million term loan B maturing in 2020 to replace the existing term loan B that matures in 2019. The refinancing will be contingent upon, among other things, obtaining the necessary lender consents and the satisfaction of conditions precedent to the definitive loan documentation. The terms of the refinancing, including those described above, could change materially between the date hereof and the effectiveness of the facilities, and there is no assurance that the refinancing will be consummated.
Spirit AeroSystems, Inc. Announces Pricing of $300 Million Aggregate Principal Amount of its 51/4% Senior Unsecured Notes Due 2022
Mar 4 14
Spirit AeroSystems, Inc. announced the pricing of $300 million aggregate principal amount of its 51/4% senior unsecured notes due 2022. The notes will be sold in a private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended. The notes will be issued at a price equal to 100% of the principal amount thereof. The company expects the offering to close on March 18, 2014, subject to the satisfaction of customary closing conditions.
Spirit AeroSystems, Inc. Announces Offering of $300 Million of Senior Unsecured Notes Due 2022
Mar 4 14
Spirit AeroSystems, Inc. announced that it intends to offer up to $300 million in aggregate principal amount of senior unsecured notes due 2022 in a private placement to be conducted pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended, subject to market and other conditions. The notes will be issued by the company and will be unconditionally guaranteed, jointly and severally, on a senior unsecured basis, by the company and its existing and future domestic subsidiaries that will guarantee its amended senior secured credit facility. The company intends to use the net proceeds from the offering and cash on hand to repurchase the company's outstanding 71/2% senior notes due 2017 pursuant to a tender offer and consent solicitation or otherwise, to pay related fees and expenses and for other general corporate purposes. The tender offer and consent solicitation was separately announced by the company and is being made through an offer to purchase and consent solicitation statement dated March 4, 2014, and a related consent and letter of transmittal, which collectively set forth the terms and conditions of the tender offer and the consent solicitation in full detail.
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