- Free Writing Prospectus - Filing under Securities Act Rules 163/433 (FWP)
September 13 2010 - 5:19PM
Edgar (US Regulatory)
Issuer
Free Writing Prospectus
Filed
Pursuant to Rule 433
Registration
Statement No. 333-169327
September
13, 2010
BE Aerospace, Inc.
Pricing Term Sheet
$650,000,000 6.875% Senior
Notes due 2020
Issuer:
|
|
BE Aerospace, Inc.
|
Security Description:
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Senior Notes
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Distribution:
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SEC Registered
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Face:
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$650,000,000
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Gross Proceeds:
|
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$644,176,000
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Net Proceeds to Issuer (before
expenses):
|
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$631,176,000
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Coupon:
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6.875%
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Maturity:
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October 1, 2020
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Offering Price:
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99.104%
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Yield to Maturity:
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7.000%
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Spread to Treasury:
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+454 basis points
|
Benchmark:
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|
UST 2.625% due August 15,
2020
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Ratings:
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Ba3 / BB(1)
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Interest Pay Dates:
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April 1 and October 1
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Beginning:
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April 1, 2011
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Equity Clawback:
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Up to 35% at 106.875%
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Until:
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October 1, 2013
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Optional redemption:
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Make-whole call @ T+50bps prior to
October 1, 2015, then:
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On or after:
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Price:
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|
|
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October 1, 2015
|
|
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103.438%
|
|
|
|
|
October 1, 2016
|
|
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102.292%
|
|
|
|
|
October 1, 2017
|
|
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101.146%
|
|
|
|
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October 1, 2018 and
thereafter
|
|
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100.000%
|
|
|
Change of control:
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Put @ 101% of principal plus
accrued interest
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Trade Date:
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September 13, 2010
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Settlement Date:
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September 16, 2010(T+3)
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CUSIP:
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055381 AR8
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ISIN:
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US055381AR8504
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Denominations:
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$2,000 x $1,000
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Bookrunners:
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Credit
Suisse Securities (USA) LLC
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|
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J.P. Morgan Securities LLC
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UBS Securities LLC
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Co-Managers
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RBS Securities Inc.
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SunTrust Robinson
Humphrey, Inc.
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Wells Fargo Securities, LLC
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The issuer has
filed a registration statement (including a prospectus) with the SEC for the
offering to which this communication relates.
Before you invest, you should read the prospectus in that registration
statement and other documents the issuer has filed with the SEC for more
complete information about the issuer and this offering. You may get these documents for free by
visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or
any dealer participating in the offering will arrange to send you the
prospectus if you request it by calling Credit Suisse Securities (USA) LLC
toll-free at 1-800-221-1037, J.P. Morgan Securities LLC toll-free at
1-800-245-8812 or UBS Securities LLC toll-free at 1-877-827-7275.
(1)
A securities rating is not a recommendation to buy, sell or hold these notes.
Each rating may be subject to revision or withdrawal at any time and should be
evaluated independently of any other rating.
Any disclaimer or
other notice that may appear below is not applicable to this communication and
should be disregarded. Such disclaimer
or notice was automatically generated as a result of this communication being
sent by Bloomberg or another email system
.
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