B/E Aerospace Announces Public Equity Offering
March 19 2007 - 8:04AM
Business Wire
B/E Aerospace, Inc. (Nasdaq: BEAV), announced today that it plans
to make a public offering of 9,000,000 shares of its common stock.
The offering will be made under a shelf registration statement
filed with the Securities and Exchange Commission. Credit Suisse
Securities (USA) LLC and UBS Securities LLC will be the joint
book-running managers. CIBC World Markets Corp., Friedman,
Billings, Ramsey & Co., Inc. and Jefferies Quarterdeck, a
division of Jefferies & Company, Inc. will be the co-managers
for the offering. B/E will grant the underwriters an option to
purchase up to an additional 1,350,000 shares of common stock to
cover over-allotments, if any. B/E intends to use the net proceeds
from the offering to redeem its $250.0 million aggregate principal
amount 8?% Senior Subordinated Notes due 2011, and for general
corporate purposes. This press release does not constitute an offer
to sell or a solicitation of an offer to buy the securities
described herein, nor shall there be any sale of these securities
in any state or jurisdiction in which such an offer, solicitation
or sale would be unlawful prior to registration or qualification
under the securities law of any such jurisdiction. The offering is
being made by means of a prospectus and the related preliminary
prospectus supplement only. Copies of the prospectus and the
related preliminary prospectus supplement can be obtained from
Credit Suisse Securities (USA) LLC, One Madison Avenue, New York,
New York 10010, (212) 325-2580 and UBS Investment Bank, Attention:
Prospectus Department, 299 Park Avenue, 8th Floor, New York, New
York 10171, (212) 821-3400. This news release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. Such forward-looking statements involve risks and
uncertainties. B/E�s actual experience may differ materially from
that anticipated in such statements. Factors that might cause such
a difference include those discussed in B/E�s filings with the
Securities and Exchange Commission, including but not limited to
its most recent Form 10-K. For more information, see the section
entitled �Forward-Looking Statements� contained in B/E�s Form 10-K
and in other filings. The forward-looking statements included in
this news release are made only as of the date of this news release
and, except as required by federal securities laws, we do not
intend to publicly update or revise any forward-looking statements
to reflect subsequent events or circumstances. 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.
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