Moody's: BE Aerospace notes Ba2

Moody's Investors Service said it assigned a Ba2 rating to the $675 million add-on to BE Aerospace's 5¼% 10-year senior unsecured notes due 2022.

All other ratings, including the Ba1 corporate family rating were affirmed.

The net proceeds of the add-on will be used for the repurchase the company's $600 million 8½% notes due 2018 and for related fees and expenses.

Moody's said this action follows the late June signing of a definitive agreement by the company to acquire, for roughly €200 million in cash, Interturbine Aviation Logistics GmbH, Interturbine Logistics Solutions GmbH and Interturbine Technologies GmbH.

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