Aeroflex Incorporated Announces Prepayment of
Subordinated Loan and Purchase of Outstanding
May 09, 2011 06:46 PM Eastern Daylight Time
PLAINVIEW, N.Y.--(EON: Enhanced Online News)--Aeroflex Incorporated (“Aeroflex”), a wholly owned
subsidiary of Aeroflex Holding Corp. (NYSE:ARX), announced today the pre-payment of its senior subordinated
unsecured credit facility and the purchase or redemption of certain of its 11.75% Senior Notes due 2015 (CUSIP
No. 007768AD6) (the “Notes”) which remained outstanding after the expiration of the early participation time of
Aeroflex's tender offer of the Notes.
In connection with Aeroflex's senior subordinated unsecured credit facility with various lenders and Goldman Sachs
Credit Partners L.P. as administrative agent, Aeroflex has prepaid $13,573,397 which is equal to the total amount
outstanding under this credit facility.
In addition, through open market purchases and optional redemption, Aeroflex has effected the satisfaction and
discharge of $140,633,000 aggregate principal amount of Notes, pursuant to the terms of the indenture under which
the Notes were issued and as a result, Aeroflex has no further obligations under the indenture.
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any security. No offer,
solicitation, sale or solicitation for consent is being made in any jurisdiction in which such an offer, solicitation or sale
would be unlawful.
Aeroflex Incorporated is a leading global provider of microelectronic components and test and measurement
equipment used by companies in the space, avionics, defense, commercial wireless communications, medical and
All statements other than statements of historical fact included in this press release regarding Aeroflex’s plans and
objectives of its management for future operations are forward-looking statements, including, among other things,
Aeroflex's financial position and liquidity giving effect to the transactions contemplated herein. When used in this
press release, words such as “anticipate,” “believe,” “estimate,” “expect,” “intend” and similar expressions, as they
relate to Aeroflex or its management, identify forward-looking statements. Such forward-looking statements are
based on the current beliefs of Aeroflex’s management, as well as assumptions made by and information currently
available to its management. Actual results, risks and assumptions could differ materially from those contemplated by
the forward-looking statements as a result of certain factors, including but not limited to, adverse developments in the
global economy; the inability to continue to develop, manufacture and market innovative, customized products and
services that meet customer requirements for performance and reliability; the termination of key contracts; and the
failure to comply with regulations such as International Traffic in Arms Regulations and any changes in regulations.
Such statements reflect the current views of management with respect to the future and are subject to certain risks,
uncertainties and assumptions. Aeroflex does not undertake any obligation to update such forward-looking
Aeroflex Holding Corp.
Andrew Kaminsky, 516-752-6401
Vice President – Corporate Development & Investor Relations