B/E Aerospace, Inc. (“B/E” or the “Company”) (NASDAQ:BEAV) announced
today that its wholly-owned subsidiary KLX, Inc. (“KLX”) has commenced
an offering of approximately $1.2 billion of senior notes (the “Notes”)
in preparation for the spin-off of KLX. It is expected that the proceeds
from the offering will be deposited into an escrow account pending the
completion of the spin-off.
The Notes will be offered only to qualified institutional buyers under
Rule 144A of the Securities Act of 1933, as amended (the “Securities
Act”), and to non-U.S. persons in transactions outside the United States
under Regulation S of the Securities Act. The Notes have not been
registered under the Securities Act, and, unless so registered, may not
be offered or sold in the United States absent registration or an
applicable exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and other applicable
securities laws.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the
Notes, in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
Forward-Looking Statements
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 Securities and Exchange Commission (SEC), which include
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 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 and
rules and regulations of the SEC, the Company undertakes no obligation
to publicly update or revise any forward-looking statements, whether as
a result of new information, future events or otherwise.
About B/E Aerospace, Inc.
B/E Aerospace is the world’s leading manufacturer of aircraft cabin
interior products and the world’s leading provider of aerospace
fasteners, consumables and logistics services. 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 systems, oxygen systems, food and
beverage preparation and storage equipment, galley systems, and modular
lavatory systems. The Company also provides cabin interior
reconfiguration, program management and certification services. The
Company provides aerospace fasteners, consumables and logistics services
as well as oilfield services and associated rental equipment. B/E
Aerospace sells and supports its products through its own global direct
sales and product support organization. For more information, visit the
B/E Aerospace website at www.beaerospace.com.
![](http://cts.businesswire.com/ct/CT?id=bwnews&sty=20141117005509r1&sid=ntxv4&distro=nx&lang=en)
Copyright Business Wire 2014