Cahill Represents Debt Financing Sources in $1.5 Billion of Debt Financings, Consisting of $900 Million Notes Offering and $594 Million Credit Facility for Spirit AeroSystems, Inc.
Cahill represented the initial purchasers in connection with a Rule 144A offering of $900,000,000 aggregate principal amount of 9.375% Senior Secured First Lien Notes due 2029 by Spirit AeroSystems, Inc. Proceeds from the offering were used to fund a tender offer for Spirit’s 5.500% Senior Secured First Lien Notes due 2025, to redeem Spirit’s outstanding 3.950% Senior Notes due 2023 and for general corporate purposes. Cahill also represented the lead arrangers in connection with an amendment to the $594,000,000 term B credit facility for Spirit AeroSystems, Inc. Proceeds from the new term B credit facility were used to refinance Spirit’s existing term B credit facility. Spirit AeroSystems is one of the world’s largest manufacturers of aerostructures for commercial airplanes, defense platforms, and business/regional jets.