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:

 

Senior Notes

Distribution:

 

SEC Registered

Face:

 

$650,000,000

Gross Proceeds:

 

$644,176,000

Net Proceeds to Issuer (before expenses):

 

$631,176,000

Coupon:

 

6.875%

Maturity:

 

October 1, 2020

Offering Price:

 

99.104%

Yield to Maturity:

 

7.000%

Spread to Treasury:

 

+454 basis points

Benchmark:

 

UST 2.625% due August 15, 2020

Ratings:

 

Ba3 / BB(1)

Interest Pay Dates:

 

April 1 and October 1

Beginning:

 

April 1, 2011

Equity Clawback:

 

Up to 35% at 106.875%

Until:

 

October 1, 2013

Optional redemption:

 

Make-whole call @ T+50bps prior to October 1, 2015, then:

 

 

On or after:

 

Price:

 

 

 

October 1, 2015

 

 

103.438%

 

 

 

 

October 1, 2016

 

 

102.292%

 

 

 

 

October 1, 2017

 

 

101.146%

 

 

 

 

October 1, 2018 and thereafter

 

 

100.000%

 

 

Change of control:

 

Put @ 101% of principal plus accrued interest

Trade Date:

 

September 13, 2010

Settlement Date:

 

September 16, 2010(T+3)

CUSIP:

 

055381 AR8

ISIN:

 

US055381AR8504

Denominations:

 

$2,000 x $1,000

Bookrunners:

 

Credit Suisse Securities (USA) LLC

 

 

J.P. Morgan Securities LLC

 

 

UBS Securities LLC

Co-Managers

 

RBS Securities Inc.

 

 

SunTrust Robinson Humphrey, Inc.

 

 

Wells Fargo Securities, LLC

 

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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