Company: SPR
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001364885-25-000011
Chunk: 172

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 172
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 Other Financing Arrangements

As of October 2, 2025, the outstanding balance of the senior secured Term Loan B Credit Agreement was $576.2 million and the carrying value was $568.5 million.  

As of October 2, 2025, the outstanding balance of the Exchangeable 2028 Notes was $230.0 million and the carrying value was $224.8 million.

As of October 2, 2025, the outstanding balance of the 2026 Notes and 2028 Notes was $300.0 million and $700.0 million, respectively, and the carrying value was $299.7 million and $697.9 million, respectively.  

As of October 2, 2025, the outstanding balance of the 2025 Notes, First Lien 2029 Notes, and Second Lien 2030 Notes was $0.0 million, $900.0 million, and $1,200.0 million, respectively, and the carrying value was $0.0 million, $891.2 million, and $1,183.7 million, respectively.

On June 30, 2024, we entered into a Delayed-Draw Bridge Credit Agreement (the “Bridge Credit Agreement”) with Morgan Stanley Senior Funding, Inc. as lender, as administrative agent and as collateral agent, which provides for a senior secured delayed-draw bridge term loan facility in an aggregate principal amount of $350.0 million. On July 18, 2024, August 15, 2024, and September 12, 2024, Spirit borrowed $200.0 million, $100.0 million, and $50.0 million, respectively, under the Bridge Credit Agreement. The Bridge Credit Agreement was amended and restated on June 25, 2025 (the “Amended and Restated Bridge Credit Agreement”). As of October 2, 2025, the outstanding balance of the Amended and Restated Bridge Credit Agreement was $350.9 million

 See Note 15 Debt to our condensed consolidated financial statements included in Item 1 of Part I of this Quarterly Report for more information.

68

Information Regarding Guarantors of Spirit’s Notes Registered Under the Securities Act of 1933

Spirit’s 2026 Notes are guaranteed by Spirit AeroSystems North Carolina, Inc., a wholly-owned subsidiary of Holdings (“Spirit NC”), and Holdings, and Spirit’s 2028