Spirit AeroSystems $460 million stock and exchangeable notes offering
The stock is listed on the New York Stock Exchange
Davis Polk advised (i) the representative of the several underwriters in connection with a registered public offering by Spirit AeroSystems Holdings, Inc. of up to 10,454,545 shares of its Class A common stock, including the underwriters’ exercise of their option to purchase an additional 1,363,636 shares of Class A common stock and (ii) the representative of the several initial purchasers in connection with a Rule 144A offering by Spirit AeroSystems, Inc., pursuant to which it issued $230 million aggregate principal amount of 3.250% exchangeable senior notes due 2028, including the initial purchasers’ exercise in full of their option to purchase an additional $30 million aggregate principal amount of notes. The common stock is listed on the New York Stock Exchange under the symbol “SPR.” The exchangeable notes are guaranteed by Spirit AeroSystems Holdings, Inc. and Spirit AeroSystems North Carolina, Inc.
Spirit AeroSystems, Inc. with its headquarters in Wichita, Kansas, is one of the world’s largest non-original equipment manufacturer (non-OEM) manufacturers of aerostructures, serving markets for commercial airplanes, military platforms and business/regional jets. With expertise in aluminum and advanced composite manufacturing solutions, Spirit AeroSystems’ core products include fuselages, integrated wings and wing components, pylons and nacelles.
The Davis Polk corporate team included partner Richard D. Truesdell Jr., counsel Jeffrey S. Ramsay and associate Samuel S. Vallejo. The equity derivatives team included partner Mark M. Mendez, counsel Hanbing Zhang and associate Ji Hwan Kim. The tax team included partner Lucy W. Farr, counsel Aliza Slansky and associate Michelle Zhao. All members of the Davis Polk team are based in the New York office.