B/E Aerospace Announces Completion of Tender Offer for 8-1/2% Senior Notes Due 2010
August 08 2006 - 9:20AM
Business Wire
B/E Aerospace, Inc. (the "Company") (Nasdaq:BEAV) today announced
that its cash tender offer for its outstanding $175.0 million
aggregate principal amount of its 8-1/2% Senior Notes due 2010 (the
"Notes") expired at 5:00 p.m., New York City time, on August 7,
2006. As previously announced on July 26, 2006, the Company
accepted for payment and paid for $174.94 million aggregate
principal amount of the Notes, which were tendered by holders on or
prior to the expiration of the related consent solicitation at 5:00
p.m. New York City time on July 21, 2006, representing 99.97% of
the outstanding Notes. In addition, as previously announced on July
21, 2006, the related consent solicitation expired at 5:00 p.m. New
York City time on July 21, 2006, after which the Company and The
Bank of New York Trust Company, NA, the trustee under the indenture
governing the Notes, entered into a supplemental indenture, which
amended the indenture governing the notes to, among other things,
eliminate substantially all of the restrictive covenants, certain
events of default and other related provisions. UBS Securities LLC,
Credit Suisse Securities (USA) LLC and J.P. Morgan Securities Inc.
served as Dealer Managers, and Global Bondholder Services
Corporation served 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. 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 was being made only pursuant
to the Offer to Purchase and Consent Solicitation 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.
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