Cahill Represents Initial Purchasers in $1.20 Billion Notes Offering for Spirit AeroSystems, Inc.
Date: 11/21/23
Cahill represented the initial purchasers in connection with a Rule 144A offering of $1,200,000,000 aggregate principal amount of 9.750% senior secured second lien notes due 2030 by Spirit AeroSystems, Inc. Proceeds from the offering were used to fund a tender offer for Spirit's 7.500% senior secured second lien notes due 2025, redeem other outstanding indebtedness, and for general corporate purposes. Spirit AeroSystems is one of the largest non-original equipment manufacturers of aerostructures in the world, serving markets for commercial airplanes, military platforms and business/regional jets.