B/E Aerospace, Inc. (the "Company") (Nasdaq:BEAV) today announced the consideration to be paid in connection with its cash tender offer and consent solicitation for any and all of its outstanding $175.0 million aggregate principal amount of its 8 1/2% Senior Notes due 2010 (the "Notes"). The consideration to be paid for each Note validly tendered and not validly withdrawn on or prior to 5:00 p.m. New York City time on July 21, 2006 was based on a fixed spread of 50 basis points over the yield at 2:00 p.m. New York City time on July 21, 2006 of the 4.00% U.S. Treasury Note due September 30, 2007 and is $1,071.41 per $1,000 principal amount of Notes, assuming a July 26, 2006 payment date, which includes a consent payment of $20 per $1,000 principal amount of Notes. The consideration to be paid for each Note validly tendered and not validly withdrawn after 5:00 p.m. New York City time on July 21, 2006 but on or prior to 5:00 p.m. New York City time on August 7, 2006 is $1,051.41 per $1,000 principal amount of Notes, assuming an August 8, 2006 payment date, which will exclude any consent payment. The consent solicitation is scheduled to expire at 5:00 p.m. New York City time on July 21, 2006, unless extended or earlier terminated. The tender offer is scheduled to expire at 5:00 p.m. New York City time on August 7, 2006, unless extended or earlier terminated. The Company has retained UBS Securities LLC, Credit Suisse Securities (USA) LLC and J.P. Morgan Securities Inc. to serve as Dealer Managers, and Global Bondholder Services Corporation to serve as Depositary and Information Agent. Persons with questions regarding the tender offer and consent solicitation should contact UBS Securities LLC toll free at (888) 722-9555 ext. 4210 and collect at (203) 719-4210, Credit Suisse Securities (USA) LLC toll free at (800) 820-1653 and collect at (212) 325-7596, and J.P. Morgan Securities Inc. collect at (212) 270-7407, or Global Bondholder Services Corporation at (866) 804-2200. Requests for documentation should be directed to Global Bondholder Services Corporation at (866) 804-2200. This announcement is for information purposes only and constitutes neither an offer to purchase nor a solicitation of an offer to sell the Notes. The tender offer and consent solicitation will be made only pursuant to the Offer to Purchase and Consent Solicitation Statement dated July 10, 2006 and related materials. About B/E Aerospace, Inc. B/E Aerospace, Inc. is the world's leading manufacturer of aircraft cabin interior products, and a leading aftermarket distributor of aerospace fasteners. B/E designs, develops and manufactures a broad range of products for both commercial aircraft and business jets. B/E manufactured products include aircraft cabin seating, lighting, oxygen, and food and beverage preparation and storage equipment. The company also provides cabin interior design, reconfiguration and passenger-to-freighter conversion services. Products for the existing aircraft fleet - the aftermarket - generate about 60 percent of sales. B/E sells and supports its products through its own global direct sales and product support organization. For more information, visit B/E's website at http://www.beaerospace.com.
B/E Aerospace, Inc. (NASDAQ:BEAV)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more B/E Aerospace, Inc. Charts.
B/E Aerospace, Inc. (NASDAQ:BEAV)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more B/E Aerospace, Inc. Charts.