KLX starts roadshow for $1.2 billion eight-year notes backing spinoff from B/E Aerospace

By Paul A. Harris

Portland, Ore., Nov. 17 – KLX, Inc. started a roadshow on Monday for a $1.2 billion offering of eight-year senior notes (expected ratings Ba3/BB), according to a market source.

The Rule 144A and Regulation S offer is expected to price on Friday.

J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Goldman Sachs & Co., Credit Suisse Securities (USA) LLC and Wells Fargo Securities LLC are the joint bookrunners.

Barclays, Deutsche Bank Securities Inc., MUFG and RBC Capital Markets are the co-managers.

The notes come with three years of call protection.

Proceeds will be used to fund the spinoff of KLX from B/E Aerospace, Inc., a Wellington, Fla.-based manufacturer of aircraft cabin interior products, aerospace fasteners, consumables and logistics services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.