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Spirit AeroSystems - Tender Offer - Expiration and Results

Spirit AeroSystems Announces Expiration and Results of Cash Tender Offer for Any and All of Its Outstanding 7.500% Senior Secured Second Lien Notes Due 2025 - 85205TAL4 (144A)/ U84591AD5 (Reg S)

20 NOVEMBER 2023


Full announcements, including disclaimers and restrictions available via Source: Prnewswire: Spirit AeroSystems 


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"The Tender Offer expired at 5:00 p.m., New York City time, on November 15, 2023 (such date and time, the "Expiration Date"). For holders who delivered a Notice of Guaranteed Delivery and all other required documentation at or prior to the Expiration Date, upon the terms and subject to the conditions set forth in the Offer to Purchase and Notice of Guaranteed Delivery, the deadline to validly tender 2025 Second Lien Notes using the guaranteed delivery procedures set forth in the Offer to Purchase (the "Guaranteed Delivery Procedures") was 5:00 p.m., New York City time, on November 17, 2023.The Settlement Date for the Offer is expected to be November 21, 2023 (the "Settlement Date").


According to the information received from Global Bondholder Services Corporation, the Tender Agent and Information Agent for the Tender Offer, as of the Expiration Date, $1,107,975,000 aggregate principal amount of the 2025 Second Lien Notes were validly tendered and not validly withdrawn. In addition, $219,000 aggregate principal amount of the 2025 Second Lien Notes were tendered pursuant to the Guaranteed Delivery Procedures. The table below provides certain information about the tender offer, including the aggregate principal amount of the 2025 Second Lien Notes validly tendered and not validly withdrawn prior to the Expiration Date.


Overall, Spirit plans to accept for purchase $1,108,194,000 aggregate principal amount of 2025 Second Lien Notes under the Tender Offer (including 2025 Second Lien Notes delivered pursuant to the Guaranteed Delivery Procedures).



Holders of 2025 Second Lien Notes must validly tender and not validly withdraw their 2025 Second Lien Notes, or submit a Notice of Guaranteed Delivery and comply with the related procedures, prior to the Expiration Date in order to be eligible to receive the Tender Consideration for each $1,000 principal amount of the 2025 Second Lien Notes in cash on the Settlement Date. In addition to the Tender Consideration, Holders whose 2025 Second Lien Notes are accepted for purchase will receive a cash payment representing the accrued and unpaid interest on such 2025 Second Lien Notes from the last interest payment date up to, but not including, the Settlement Date. Interest will cease to accrue on the Settlement Date for all accepted 2025 Second Lien Notes, including those tendered through the Guaranteed Delivery Procedures."


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Spirit AeroSystems Commences Cash Tender Offer for Any and All of Its Outstanding 7.500% Senior Secured Second Lien Notes Due 2025 - 85205TAL4 (144A)/ U84591AD5 (Reg S)


08 NOVEMBER 2023


Full announcements, including disclaimers and restrictions available via Source: Prnewswire: Spirit AeroSystems


"WICHITA, Kan., Nov. 8, 2023 /PRNewswire/ -- Spirit AeroSystems Holdings, Inc. [NYSE: SPR] (the "Company") is announcing today that Spirit AeroSystems, Inc. ("Spirit"), a wholly owned subsidiary of the Company, has commenced an offer (the "Tender Offer") to purchase for cash any and all of the $1.2 billion outstanding principal amount of its 7.500% Senior Secured Second Lien Notes due 2025 (CUSIP No. 85205T AL4) (the "2025 Second Lien Notes") on the terms and conditions described in Spirit's Offer to Purchase, dated November 8, 2023 (the "Offer to Purchase"). Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.


The following table sets forth certain terms of the Tender Offer:"


(1) Per $1,000 principal amount of Notes validly tendered (and not validly withdrawn) and accepted for purchase by us. Does not include accrued but unpaid interest, which will also be payable as provided in the Offer to Purchase.


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