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Bulletin: BE Aerospace Inc. Ratings Are Unaffected By The Company's Plan To Acquire UFC Aerospace Corp. For $400 Million Jan 12
Standard & Poors, Jan 2012
Abstract
NEW YORK (Standard & Poor's) Jan. 10, 2012--Standard & Poor's Ratings Services said today that its ratings and outlook on BE Aerospace Inc. (BB+/Stable/--) are not affected by the Florida-based aerospace supplier's planned acquisition of unrated UFC Aerospace Corp. for $400 million. UFC provides complex supply chain management and inventory logistics solutions to aerospace original equipment manufacturers and should complement BE Aerospace's existing distribution operations. The company plans to finance the acquisition with cash on hand and borrowings under its currently undrawn $750 million revolving credit facility. We believe that the acquisition will result in a modest deterioration in credit protection measures. Pro forma debt to EBITDA (assuming BE pays half of the purchase price in cash and borrows the...
Companies mentioned in this report are: BE Aerospace Inc.
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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