Spirit AeroSystems, Inc. Announces Intention to Refinance Its Senior Secured Credit Facility

WICHITA, Kan., March 5, 2014 /PRNewswire/ — Spirit AeroSystems, Inc. (“Spirit” or “the Company”), a wholly-owned subsidiary of Spirit AeroSystems Holdings, Inc. (NYSE:SPR), announced today 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.