Spirit AeroSystems Holdings, Inc.: debt financing — Airbus grants Spirit $94M additional support for program stability; total package $152M

Spirit AeroSystems Holdings, Inc.

Airbus agrees to provide $94M third support (Third Support) to Spirit, bringing total Support Package to $152M for Airbus program stabilization.
Airbus also provides $107M line of credit plus $12M and $8M additional lines, totaling $127M, to be assumed at divestiture closing.
Spirit will receive $21.8M accelerated A350 S15 NRC payment from Airbus; $25M FX payment already made.
Support is in context of Spirit's divestiture of Airbus-related businesses to Airbus per April 27, 2025 Stock and Asset Purchase Agreement.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Spirit AeroSystems Holdings, Inc. incurred debt of $94.00 million support package with Airbus S.A.S..

Principal: $94.00 million support package
Counterparty: Airbus S.A.S.
Event: incurrence

Exact text from the filing

on October 7, 2024, and Novemeber 8, 2024. Under the MoA, subject to the terms and conditions therein, Airbus S.A.S. has agreed to, among other things, provide an additional $94.00 million support package paid to the Supplier (for a total of $152.00 million), which shall be used solely and exclusively in relation to the Airbus Programmes (as defined therein). Per

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Source: SEC EDGAR

accession 0001104659-25-068326

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