B/E Aerospace, Inc. (“B/E Aerospace” or the “Company”) (NASDAQ:BEAV)
announced today that its wholly-owned subsidiary KLX Inc. (“KLX”) has
successfully closed its previously announced offering of $1.2 billion
aggregate principal amount of 5.875% senior notes due 2022 (the
“Notes”). The Notes were issued at 100% of the aggregate principal
amount. The proceeds from the offering of the Notes were deposited into
an escrow account pending the completion of the spin-off of KLX from B/E
Aerospace.
The Notes were 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 news 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.
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