---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-050576"
form_type: "8-K"
ticker: null
cik: "0001364885"
company_name: "Spirit AeroSystems Holdings, Inc."
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T11:41:56.134008+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Spirit AeroSystems gets $425M Boeing advance; repayment due by Oct 2024

## Summary
- Boeing advances $425M to Spirit (due Apr-May 2024) for rate readiness and quality process enhancements.
- Repayment schedule: $36.6M June 12, $89.5M July 17, $150.6M Aug 14, $134.3M Sep 18, $14M Oct 16.
- Advances accelerate if Spirit defaults on repayment, breaches MOA, or enters insolvency proceedings.
- Spirit must provide Boeing weekly financial info and maintain production rates supporting Boeing's demand.
- MOA triggered by higher inventory, lower cash flows, and FAA limits on Boeing production rate increases.

## SEC filing metadata
- accession: 0001104659-24-050576
- form_type: 8-K
- cik: 0001364885
- company_name: Spirit AeroSystems Holdings, Inc.
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1364885/000110465924050576/0001104659-24-050576-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1364885/000110465924050576/tm2412451d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-050576
- JSON: https://secwatch.observer/filing/0001104659-24-050576.json
- Plain text: https://secwatch.observer/filing/0001104659-24-050576.txt

## Key facts
- Material Agreements
  Spirit AeroSystems Holdings, Inc. entered into Memorandum of Agreement with The Boeing Company valued at $425,000,000 (effective 2024-04-18).
  - Action: entry
  - Counterparty: The Boeing Company
  - Value: $425,000,000
  - Effective: 2024-04-18
  source text: On April 18, 2024, Spirit AeroSystems, Inc. (“Spirit”), a wholly owned subsidiary of Spirit AeroSystems Holdings, Inc. (“Spirit Holdings”), and The Boeing Company (“Boeing”) entered into a Memorandum of Agreement (the “MOA”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1364885/000110465924050576/0001104659-24-050576-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.