Esterline Technologies Announces Pricing of $175 Million Private Placement of Senior Notes 2/23/2007 By Michelle DeGrand on
BELLEVUE, Wash., February 23, 2007 — Esterline Technologies (NYSE/ESL www.esterline.com) today announced that it has priced a private placement of $175 million aggregate principal amount of 6 5/8% senior notes due 2017. Esterline anticipates using the net proceeds of this offering to finance a portion of the acquisition of CMC Electronics Holdings Inc. The issuance of the notes is not contingent upon the consummation of the acquisition of CMC. If the acquisition of CMC is not completed, Esterline expects to use the net proceeds from the offering to reduce outstanding indebtedness and for other general corporate purposes.
Esterline Technologies Launches Private Placement of Senior Notes 2/17/2007 By Michelle DeGrand on
BELLEVUE, Wash., February 16, 2007--Esterline Technologies today announced that it is commencing an offering of $150 million aggregate principal amount of senior notes. Esterline anticipates using the net proceeds of this offering to finance a portion of the acquisition of CMC Electronics Holdings Inc. The issuance of the notes is not contingent upon the consummation of the acquisition of CMC. If the acquisition of CMC is not completed, Esterline expects to use the net proceeds from the offering to reduce outstanding indebtedness and for other general corporate purposes.
Esterline To Acquire Canada-Based CMC Electronics 2/1/2007 By Michelle DeGrand on
BELLEVUE, Wash., February 1, 2007 — Esterline Corporation (NYSE:ESL www.esterline.com) today announced an agreement to acquire CMC Electronics Inc., a leading aerospace/defense avionics company, for approximately $335 million in cash. For the 12 months ended September 30, 2006, CMC recorded revenues of C$205 million. Completion of the transaction is expected in 30 to 45 days, contingent upon Hart-Scott-Rodino and other governmental approvals. A conference call to discuss the transaction is scheduled for later today at 1:30 p.m. Eastern Time (10:30 a.m. Pacific Time). Listeners may access the conference call live over the Internet at the following locations: www.esterline.com or www.earnings.com. ”