BE Aerospace to make consent payments to all holders upon issuance of 9-7/8% Senior Subordinated Notes and completion of Burns acquisition.WELLINGTON, Fla.--(BUSINESS WIRE)--Jan. 22, 1995--BE Aerospace Inc. (NASDAQ-NMS:BEAV BEAV Binary Editor and Viewer ) announced today that, upon the issuance of $100 million of its 9-7/8% Senior Subordinated Notes due 2006 and consummation of its acquisition of Burns Aerospace Corp., that the consent payment to be paid to all registered holders of its 9-3/4% Senior Notes due 2003 as of the Expiration Date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist. Notes: The expiration date for all listed stock options in the U.S. of its consent solicitation Consent Solicitation A solicitation by one party to the stakeholders of a particular security for the consent of a material change. Notes: Should the majority of stakeholders provide valid consent prior to the consent expiry date, the issuer may then follow through with will be $22.50, for each $1,000 in principal amount of its Senior Notes and not $20 as previously announced. BE Aerospace Inc., designs, manufactures, sells and services a broad line of commercial 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, including seating products, passenger entertainment and service systems, and galley structures and inserts. BE Aerospace is the world's leading supplier of cabin interior products and services, serving virtually all the world's airlines. CONTACT: Financial Relations Jay Jacobson, 212/889-6362 |
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