Aviall announces change of control tender offer for 7 5/8% notes

By Laura Lutz

Des Moines, Oct. 10 - Aviall Inc. began a cash tender offer for all of its outstanding 7 5/8% senior notes due 2011 in connection with its Sept. 20 acquisition by The Boeing Co.

This offer is required under the note indenture.

For each $1,000 principal amount of the notes, the company will pay $1,010 in cash, plus accrued interest from July 1 and up to but excluding the payment date.

The offer will expire at 5 p.m. ET on Nov. 10.

In connection with the merger, Aviall made an offer to purchase all of the outstanding notes on Aug. 14.

Holders of $199.698 million, or 99.8%, of the notes submitted tenders. Following that offer, $302,000 principal amount of the notes remain outstanding.

The Bank of New York Trust Co., NA is the depositary. Requests for information may be directed to Aviall (972 586-1700).

Aviall is a Dallas Fort Worth Airport, Texas-based distributor of commercial and general aftermarket aviation parts.

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