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Spirit AeroSystems extends maturity of its credit line

Spirit AeroSystems has amended its existing credit agreement, the company said today.

The amendment extends the maturity of Spirit’s revolving credit facility from June 2010 to June 2012. It also increases its size from $650 million to $729 million through June 2010, before decreasing to $409 million from June 2010  to June 2012.

The increase in credit in the near term reflects an additional $79 million of new commitments from lenders.