secwatch.observer — SEC 8-K summary
======================================

Issuer:     Spirit AeroSystems Holdings, Inc. (—)
CIK:        0001364885
Form:       8-K
Filed at:   2023-11-21T23:59:59+00:00
Accession:  0001104659-23-120390
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Spirit AeroSystems issues $1.2B of 9.75% notes due 2030 to refinance its 7.5% 2025 notes
--------------------------------------------------------------------------------

- Issued $1.2B of 9.750% Senior Secured Second Lien Notes due 2030; interest payable semiannually May 15 and Nov 15.
- Tender offer accepted $1.108B of $1.2B outstanding 7.500% 2025 Notes; remaining $91.8M to be redeemed Dec 1, 2023.
- New notes are second-lien secured; Sixth Supplemental Indenture grants equal security to existing 2026 Notes.
- Proceeds fund the tender offer, related premiums/fees, and general corporate purposes.
- Refinancing extends debt maturity from 2025 to 2030 at a higher coupon (9.75% vs 7.50%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1364885/000110465923120390/0001104659-23-120390-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1364885/000110465923120390/tm2331155d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-120390

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer