Spirit Aerosystems Credit Agreement

The proceeds of the temporary loan, with priority guaranteed additional debt, will be used to refinance the existing fixed-term loan A and the loan A financed with deferred draw A maturing in July 2023 and to provide additional liquidity. As at July 2, $427 million in temporary loans were outstanding under the existing credit facility. In parallel with the closing of the offer, the previously announced amendment to Spirit`s priority guarantee credit facility came into effect on April 13, 2020, which allowed Spirit to close the offer and offer covenanted flexibility for future capital increases and market conditions. In addition, following the closing of the offer, commitments under Spirit`s priority unsecured credit facility in the amount of $375 million were fully cancelled with deferred drawdown and the facility ended. “Given the substantial reduction in the production plan, Spirit may breach, in the fourth quarter of 2020, without modification or waiver, the financial obligations arising from its credit agreement,” the company said in an application for approval. All revolvers, term loan and Delayed Draw Term Loan will continue to be used on the 12th After the July 2020 amendment comes into effect and before the date of publication of spirit`s chosen security, the interest rate is between LIBOR plus 3.375% and LIBOR plus 4.875% (or between the base rate plus 2.375% and the base rate plus 3.875%). If applicable, based on Spirit`s issuer rating or corporate family rating (if any) provided by Standard & Poor`s Financial Services LLC and/or Moody`s Investors Service, Inc. On July 31, 2020, Spirit AeroSystems Holdings, Inc. (the “Company”), Spirit AeroSystems, Inc., the 100% direct subsidiary of the Company (“Spirit”), and Spirit AeroSystems North Carolina, Inc., a 100% subsidiary of the Company, have entered into an amendment (“July 2020 Amendment”) to the second amended and adapted credit agreement between Spirit, the Company, as the parent guarantor, the lender, Bank of America, N.A., as the Managing Agent (the Management Agent). and the other agents referred to therein (the “2018 Credit Agreement”), consisting of a $500 million revolving credit facility (the revolver), a $206 million long-term loan facility (the “Maturity Loan”) and a $250 million deferred draw credit facility (the “Deferred Draw Loan”). .

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