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B/E Aerospace to Issue $250 Million in Notes, Redeem Higher-Cost Debt.


Business Editors

WELLINGTON, Fla.--(BUSINESS WIRE)--April 11, 2001

B/E Aerospace, Inc. (Nasdaq:BEAV BEAV Binary Editor and Viewer ) today announced plans to issue $250 million of 8.875 percent senior subordinated notes and redeem higher-cost debt.

Due in 2011, the notes will be unsecured senior subordinated obligations of B/E. The company expects to complete the offering on April 17, 2001 and plans to use the proceeds as follows:
-- approximately $104.9 million to redeem B/E's 9-7/8 percent senior
subordinated notes due 2006,

-- to repay revolving credit debt owed under B/E's bank credit facility. At
April 6, 2001 the company had $66.7 million of borrowings outstanding under its
bank credit facility; and

-- the remainder for general corporate purposes, which may include potential
future strategic acquisitions.


B/E has entered into a purchase agreement providing for the sale of the notes to certain initial purchasers. The notes were offered to qualified institutional purchasers under Rule 144A Rule 144A

A Securities & Exchange Commission rule modifying a two-year holding period requirement on privately placed securities to permit qualified institutional buyers to trade these positions among themselves.
 of the Securities Act of 1933, as amended. The notes have not been registered under the Securities Act and may not be offered or sold in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  absent registration or an applicable exemption from registration under the Securities Act.

This news release contains forward-looking statements as defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. Such forward-looking statements involve risks and uncertainties, and B/E's actual experience may differ materially from that anticipated in such statements. Factors that might cause such a difference include those discussed in B/E's filings with the Securities and Exchange Commission, including but not limited to its most recent proxy statement Proxy Statement

A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting.
 and Forms 10-K and 10-Q. For more information, see the section entitled "Forward-Looking Statements" contained in B/E's Form 10-K Form 10-K

A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.


Form 10-K

See 10-K.
 and in other filings.

B/E Aerospace, Inc. is the world's leading manufacturer of aircraft cabin An aircraft cabin is the section of an aircraft in which passengers travel, often just called the cabin. At cruising altitudes, the surrounding atmosphere is too thin to breathe without an oxygen mask, so cabin pressurization adapts the cabin to atmospheric pressures.  interior products, serving virtually all the world's airlines and aircraft manufacturers. B/E designs, develops, manufactures, sells and services a broad line of passenger cabin interior products for both commercial and business/VIP aircraft and provides interior design, reconfiguration and conversion services to its customers throughout the world. For more information, visit B/E's web site at www.beaerospace.com.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Apr 11, 2001
Words:361
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