WELLINGTON, Fla.--(BUSINESS WIRE)--
B/E Aerospace (BEAV) (the Company), announced today the successful closing of its public offering of $800.0 million aggregate principal amount of its 5.25% senior notes due 2022, priced to yield 4.934%. The size of the offering was increased from the previously announced $675.0 million to $800.0 million. The senior notes were issued at an offering price of 102.00%, plus accrued and unpaid interest from March 13, 2012. The senior notes were offered pursuant to a prospectus supplement and an accompanying prospectus filed by the Company as part of a shelf registration statement filed with the Securities and Exchange Commission (the SEC).
The senior notes are an additional issuance of, are fully fungible with, rank equally with, and form a single series with the Companys $500.0 million 5.25% Senior Notes due 2022 issued on March 13, 2012, and have the same CUSIP number.
The Company intends to use the net proceeds of the offering to fund the consideration in its concurrent tender offer and consent solicitation for any and all of its outstanding 8.50% Senior Notes due 2018, including the payment of accrued interest and any applicable consent payment. The Company intends to use the remaining net proceeds from this offering for other general corporate purposes, including potential acquisitions.
J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co. and UBS Securities LLC are acting as joint book-running managers and RBC Capital Markets, LLC and Wells Fargo Securities, LLC are acting as 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 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, Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York 10010, (800) 221-1037, 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 Companys 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 Companys filings with the SEC, which include the Registration Statement, prospectus and preliminary prospectus supplement related to this offering and its Proxy Statement, Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. For more information, see the section entitled "Forward-Looking Statements" contained in the Companys 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 undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
About B/E Aerospace
B/E Aerospace is the worlds leading manufacturer of aircraft cabin interior products and the worlds 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.
See original here:
B/E Aerospace Announces Closing of Senior Notes Offering
- why can't i print in the message area? [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- smoke detectors [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- Insulation drawings [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- Boiler. [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- Electrical Harmonics [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- axial thrust [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- Pl inform which make suitable for this specification [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- CapsLock [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- How to Calculate Drag Reduction Factor for surge analysis [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- cable..pls help [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- 11Kv joints [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- how to calculate required torque? [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- IP rating for enclosures [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- 11kv JOINTS SPACING ON PARALLEL CABLES [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- beep sounds [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- Increse speed of pneumatic cylinder [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- Pipe fittings-Manufacturing/Quality Assurance [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- kango memolition hammer [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- Loss calculation in undergound Transmission Cables [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- Design in ASP.NET [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- axial pump [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- Auger bit [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- Pipe [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- Centrifugal oil filter ideas [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- When to install Horizontal Condensate Pot (Probably also called Spun Type) ?? [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- Confusion about a Resistance Bulb [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- Loop testing for a NON-HART 4 wire instrument [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- My VAWT Project, next phase [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- voltage doubler [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- How to build corners and joints using Red Oak timbers? [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- THERMAL OIL BOILER [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- How Do You Get a Degree in Green Energy? [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- deareator pegging [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- 99 ford ranger with no brake pedal at all [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- CAD tool for electronic circuitry design [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- hvac [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- Unfinalized video miniDVD data recovery [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- eletronics [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- codless phones programming [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- Effectiveness in cooling a drink with ice than water? [Last Updated On: November 7th, 2009] [Originally Added On: November 7th, 2009]
- Free Vibration Analysis of Tapered Composite Wings [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Can You Treat Composite Beams or Wings Mathematically like Isotropic Wings? [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Particle, Particle in Space, Tell Me About Earthquakes [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Russian Rocket Engine – Best in the World [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- New Online Evaluation of Laminated Composite Stiffnesses [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- 'Autonomous' helicopters teach themselves to fly [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Next Target – Jupiter [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- NASA's FERMI, Space, and Time [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Lunchtime Salon Today in L.A. [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- A vote for McCain is a vote against science [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- NASA Study Investigates Mental Overload in Pilots [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- NASA Releases Columbia Crew Safety Report [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- What the Stimulus Package Means for Science [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- All Scientists Have Conflicts of Interest (Duh) [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Congress Considers Killing Open-Access Journals [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Transmission Swing Angle [Last Updated On: December 12th, 2009] [Originally Added On: December 12th, 2009]
- Long Weld Neck Flanges [Last Updated On: December 12th, 2009] [Originally Added On: December 12th, 2009]
- Super Critical Fluid Extraction for Rose Oil [Last Updated On: December 12th, 2009] [Originally Added On: December 12th, 2009]
- Capacitor Bank Calculations [Last Updated On: December 12th, 2009] [Originally Added On: December 12th, 2009]
- Power Supplies and Dummy Loads [Last Updated On: December 12th, 2009] [Originally Added On: December 12th, 2009]
- Standards for Piping Vibration [Last Updated On: December 12th, 2009] [Originally Added On: December 12th, 2009]
- Automatic Generator Changovers [Last Updated On: December 12th, 2009] [Originally Added On: December 12th, 2009]
- Synchronous Generators [Last Updated On: December 12th, 2009] [Originally Added On: December 12th, 2009]
- Suzuki Swift Brakes - Squeaks and Whistles [Last Updated On: December 12th, 2009] [Originally Added On: December 12th, 2009]
- Flange Serration [Last Updated On: December 12th, 2009] [Originally Added On: December 12th, 2009]
- Hydraulic Shapes and Reciprocating Machines [Last Updated On: December 12th, 2009] [Originally Added On: December 12th, 2009]
- No Shortage of Engineers After All! [Last Updated On: December 12th, 2009] [Originally Added On: December 12th, 2009]
- Delta Starter Diagram [Last Updated On: December 12th, 2009] [Originally Added On: December 12th, 2009]
- 2002 Chevy Duramax Diesel - Low Voltmeter Reading [Last Updated On: December 12th, 2009] [Originally Added On: December 12th, 2009]
- Energy Survey and Consumer Mapping Methodoogy [Last Updated On: December 12th, 2009] [Originally Added On: December 12th, 2009]
- Setback for Geothermal Energy [Last Updated On: December 12th, 2009] [Originally Added On: December 12th, 2009]
- Darlington Amplifier [Last Updated On: December 12th, 2009] [Originally Added On: December 12th, 2009]
- Diesel Storage Tank Design [Last Updated On: December 12th, 2009] [Originally Added On: December 12th, 2009]
- Car MPG Questions [Last Updated On: December 12th, 2009] [Originally Added On: December 12th, 2009]
- Dark LCD Display [Last Updated On: December 12th, 2009] [Originally Added On: December 12th, 2009]
- Calculating the Strength of Concrete Floors [Last Updated On: December 12th, 2009] [Originally Added On: December 12th, 2009]
- Hitachi Projection TV [Last Updated On: December 12th, 2009] [Originally Added On: December 12th, 2009]
- WW II Water-Injected Engines [Last Updated On: December 12th, 2009] [Originally Added On: December 12th, 2009]
- Soap to Prevent A1H1N1 Contamination [Last Updated On: December 12th, 2009] [Originally Added On: December 12th, 2009]
- Car won't shift out of first gear [Last Updated On: December 12th, 2009] [Originally Added On: December 12th, 2009]