Company: SPR
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001628280-25-021582
Chunk: 72

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 72
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23

Table of ContentsSpirit AeroSystems Holdings, Inc. Notes to the Condensed Consolidated Financial Statements (unaudited)(U.S. Dollars in millions other than per share amounts)

 April 3, 2025 December 31, 2024  CarryingAmountFairValue CarryingAmountFairValue Senior secured term loan B (including current portion)$568.6 $570.0 (2)$570.1 $577.6 (2)Delayed-draw bridge loan350.2 350.2 (1)347.9 347.9 (1)Exchangeable senior notes due 2028224.0 293.8 (2)223.6 310.4 (2)Senior notes due 2025— — (1)20.8 20.5 (1)Senior secured notes due 2026299.6 295.1 (1)299.5 292.4 (1)Senior notes due 2028697.5 668.6 (1)697.3 661.7 (1)Senior secured first lien notes due 2029890.3 945.3(1)889.9 953.1(1)Senior secured second lien notes due 20301,182.5 1,303.0(1)1,181.9 1,308.9(1)Total$4,212.7 $4,426.0  $4,231.0 $4,472.5  (1)Level 1 Fair Value hierarchy

(2)Level 2 Fair Value hierarchy 

14.  Derivative and Hedging Activities

Derivatives Accounted for as HedgesCash Flow Hedges – Foreign Currency Forward Contract  The Company has entered into currency forward contracts, each designated as a cash flow hedge upon the date of execution, for the purpose of reducing the variability of cash flows and hedging against the foreign currency exposure for forecasted payroll, pension and vendor disbursements that are expected to be made in the British Pound Sterling. All outstanding foreign currency forward contracts were settled in August 2024. Since the forecasted transactions remain probable of occurring, the changes in the fair value of cash flow hedges recorded in AOCI will be recognized in earnings in the period in which the forecasted transactions impact earnings. The final