WICHITA, Kan., March 19 /CNW/ -- Spirit AeroSystems, Inc. (NYSE: SPR)
announced today the completion of an amendment to its existing credit
agreements to increase the Company's $400 million revolving credit facility to
$650 million. The transaction enhances the company's financial flexibility as
it continues to invest in product development and win new business across the
aerospace industry. The maturity date and interest cost of the credit facility
"We are pleased with the terms of our increased credit facility, which
reflect the lending community's confidence in Spirit and the company's solid
financial position," said Rick Schmidt, Spirit's Chief Financial Officer.
"This accomplishment provides additional liquidity as we execute our core
businesses and implement our growth and diversification strategy."
Spirit AeroSystems will file a report on Form 8-K with the Securities and
Exchange Commission that will describe the amendment in greater detail and a
copy of the amendment will be filed as an exhibit to the Form 8-K.
About Spirit AeroSystems Inc.
Based in Wichita, Kan., Spirit AeroSystems is the world's largest
independent supplier of large component parts and assemblies for commercial
aircraft. The company does work in military and general aviation, as well as
aftermarket customer support. In addition to its Kansas facility, Spirit has
operations in Tulsa and McAlester, Okla., Prestwick, Scotland, and Samlesbury,
This press release contains forward-looking statements concerning future
business opportunities. Actual results may vary materially from those
projected as a result of certain risks and uncertainties, including but not
limited to changes in government procurement practices or in the number of
aircraft to be built; challenges in the design, development, production and
support of advanced technologies; as well as other risks and uncertainties,
including but not limited to those detailed in Spirit AeroSystems Holdings,
Inc. Securities and Exchange Commission filings.
For further information:
For further information: Phil Anderson, Investor Relations,
+1-316-523-1797, or Sam Marnick, Corporate Communications, +1-316-526-3153,
both of Spirit AeroSystems, Inc. Web Site: http://www.spiritaero.com