B/E Aerospace Announces Pricing of $500 Million of 5.25% Senior Notes
March 08 2012 - 3:08PM
Business Wire
B/E Aerospace (Nasdaq: BEAV) (the “Company”), announced today
the pricing of a public offering of $500 million aggregate
principal amount of 5.25% senior notes due 2022. The size of the
offering was increased from the previously announced $375 million
to $500 million. The offering is being made under the Company’s
shelf registration statement filed with the Securities and Exchange
Commission (the “SEC”) and is expected to close on March 13,
2012.
The Company intends to use the net proceeds (before expenses)
from the offering of approximately $491.3 million for general
corporate purposes, which may include the funding of future
acquisitions and the repayment of indebtedness, including
indebtedness under the Company’s existing revolving credit
facility.
Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC,
Citigroup Global Markets Inc., Goldman, Sachs & Co. and UBS
Securities LLC are acting as joint book-running managers for the
offering and Jefferies & Company, Inc., Morgan Stanley &
Co. LLC, RBC Capital Markets, LLC, SunTrust Robinson Humphrey,
Inc., and Wells Fargo Securities, LLC are co-managers for the
offering.
This news release does not constitute an offer to sell, or a
solicitation of an offer to buy, the notes described herein, nor
shall there be any sale of these notes in any 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 prospectus supplement only. Copies of the prospectus and
the related preliminary prospectus supplement can be obtained from
Credit Suisse Securities (USA) LLC, Attention: Prospectus
Department, One Madison Avenue, New York, New York 10010, (800)
221-1037, J.P. Morgan Securities LLC, 383 Madison Avenue, New York,
New York 10179, attention: High Yield Syndicate, (800) 245-8812,
HY_syndicate@jpmorgan.com, Citigroup Global Markets Inc., Brooklyn
Army Terminal, 140 58th Street, 8th floor, Brooklyn, New York
11220, (877) 858-5407, Goldman, Sachs & Co., Prospectus
Department, 200 West Street, New York, New York 10282, telephone
(866) 471-2526, facsimile (212) 902-9316,
prospectus-ny@ny.email.gs.com, and UBS Securities LLC, Attention:
Prospectus Department, 299 Park Avenue, New York, New York 10171,
(877) 827-6444, ext. 561 3884.
This news release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
Such forward-looking statements involve risks and uncertainties.
The Company’s actual experience and results may differ materially
from the experience and results anticipated in such statements.
Factors that might cause such a difference include those discussed
in the Company’s filings with the SEC, which include the
Registration Statement, prospectus and prospectus supplement
related to this offering and its Proxy Statement, Annual Report on
Form 10-K and Current Reports on Form 8-K. For more information,
see the section entitled "Forward-Looking Statements" contained in
the Company’s Annual Report on 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, the Company does not intend to update
publicly or revise any forward-looking statements to reflect
subsequent events or circumstances.
About B/E Aerospace
B/E Aerospace is the world’s leading manufacturer of aircraft
cabin interior products and the world’s leading distributor of
aerospace fasteners and consumables. B/E Aerospace designs,
develops and manufactures a broad range of products for both
commercial aircraft and business jets. B/E Aerospace 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 approximately
50 percent of sales. B/E Aerospace sells and supports its products
through its own global direct sales and product support
organization.
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