Spirit AeroSystems raises $500 million; throws doubt on Bombardier deal

Spirit AeroSystems, which designs and builds aerostructures, has raised $500 million in a new private notes offering of 5.500% senior secured first lien notes due 2025. The offering was increased to $500 million from the previously announced size of $400 million. Spirit plans to use the net proceeds from the offering for general corporate purposes. In an operational update, Spirit AeroSystems has warned of the continuing material negative impact of the COVID-19 pandemic on its business since lockdown measures have forced Airbus and Boeing to reduce production rates and have collapsed the aviation industry. The continued grounding of the MAX