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Spirit breaks ground on French facility, refinances debt

WICIHITA -- Spirit AeroSystems has broken ground on a new plant in Saint-Nazaire, France to receive center fuselage frame sections for the Airbus A350XWB made at its planned facility in Kinston, N.C.

Spirit has a contract to design and produce the A350XWB's composite center fuselage structure, known as Section 15, which will be about 65 feet long, 20 feet wide and weigh nearly 9,000 pounds. The company also will produce the front spars for the aircraft's wings at the Kinston plant, which is scheduled to be operational in 2010.

Spirit also said that it has refinanced some of its existing debt by selling at a private offering $300 million in 7.5 percent senior unsecured notes due in 2017. The company received $293.4 million in proceeds.

Spirit AeroSystems, the world's largest independent supplier of commercial airplane assemblies and components.

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