B/E Aerospace, Inc. announced that it plans to make a public offering of 13,000,000 shares of its common stock. The offering will be made under B/E’s effective shelf registration statement filed with the Securities and Exchange Commission. Credit Suisse First Boston and UBS Investment Bank will be the joint book-running managers for the offering and Friedman Billings Ramsey and Stephens Inc. will be co-managers for the offering. B/E will grant the underwriters an option to purchase up to an additional 1,950,000 shares of common stock to cover over-allotments, if any.
B/E intends to use the aggregate net proceeds from the offering to redeem, at par, its $250 million aggregate principal amount 8% Senior Subordinated Notes due 2008.Email Post to a Friend