Spirit AeroSystems has closed the private offering of $500 million 5.500% senior secured first lien notes due 2025. Concurrent with the closing of the offering, Spirit closed on its previously announced $400 million senior secured term loan B credit facility. Spirit plans to use the net proceeds from the notes offering and the term loan for general corporate purposes. Additionally, Spirit has terminated its existing senior secured credit facility, including its revolving credit facility. The notes and the term loan are guaranteed on a senior secured basis by the company and real property and personal property, including certain equity interests.
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