WICHITA, Kan. , Nov. 12, 2024 /PRNewswire/ -- Spirit AeroSystems (NYSE: SPR ) today announces a Second Amended and Restated Memorandum of Agreement with Airbus, in which Airbus has agreed to provide Spirit a non-interest-bearing line of credit in an amount of $107 million .
Spirit will use the line of credit as advance payments in connection with production for various Airbus programmes and the continued delivery of certain products to Airbus by Spirit. Per the agreement, amounts drawn under the line of credit, and the related repayment obligations, will be directly or indirectly assumed by Airbus or one of its affiliates upon the closing of the transactions contemplated by the term sheet, dated June 30, 2024 , between Spirit and Airbus SE, or, if earlier, will be repaid to Airbus on April 1, 2026 . Cautionary Statement Regarding Forward-Looking Statements This communication includes "forward-looking statements" that involve many risks and uncertainties.
Forward-looking statements generally can be identified by the use of forward-looking terminology such as "aim," "anticipate," "believe," "could," "continue," "ensure," "estimate," "expect," "forecast," "goal," "intend," "may," "might," "model," "objective," "outlook," "plan," "potential," "predict," "project," "seek," "should," "target," "will," "would," and other similar words, or phrases, or the negative thereof, unless the context requires otherwise. Forward-looking statements are based on circumstances as of the date on w.