KLX Aerospace | B/E Aerospace Announces Closing of Offering of Senior Notes by KLX

B/E Aerospace Announces Closing of Offering of Senior Notes by KLX

B/E Aerospace, Inc. (“B/E Aerospace” or the “Company”) (NASDAQ:BEAV) announced December 8, 2014 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.