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Published on 11/8/2023 in the Prospect News Convertibles Daily.

Convertibles Calendar: Spirit AeroSystems on deck

Nov. 8

SPIRIT AEROSYSTEMS INC.

• $200 million five-year exchangeable notes

• $30 million greenshoe

• Coupon of 3.25% to 3.75% and initial exchange premium of 27.5% to 32.5%

• Non-callable until Nov. 6, 2026 and then subject to a 130% hurdle

• Rule 144A

• Morgan Stanley & Co. LLC (lead left), Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, BofA Securities Inc. and Citigroup Global Markets Inc.

• Proceeds for general corporate purposes

• Wichita, Kan.-based aerostructures manufacturer


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