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Aeroflex Holding Corp. Announces Exercise of Over-allotment Option

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Posted November 24, 2010

PLAINVIEW, N.Y.--(BUSINESS WIRE)-- Aeroflex Holding Corp. (the "Company") (NYSE: ARX) announced today that the underwriters of its initial public offering have exercised a portion of the over-allotment option to purchase additional shares of the Company's common stock in connection with the Company's initial public offering. The underwriters have purchased an additional 2,539,180 shares of the Company's common stock at the initial public offering price of $13.50 per share, less the applicable underwriting discount.

The Company intends to use the approximately $32.1 million net proceeds from the underwriters' exercise of the over-allotment option to reduce debt and for general corporate purposes.

Goldman, Sachs & Co., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities Inc. and Morgan Stanley & Co. Incorporated are serving as bookrunners for the offering, and Barclays Capital Inc., Stifel, Nicolaus & Company, Incorporated, UBS Securities LLC, Moelis & Company LLC, Needham & Company, LLC and Oppenheimer & Co. Inc. are serving as co-managers of the offering. The offering of these securities is being made by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained by contacting the prospectus departments of:

  • Goldman, Sachs & Co. at 200 West Street, New York, NY 10282, Attention: Prospectus Department, phone: 866-471-2526 or email: prospectus-ny@ny.email.gs.com;
  • Credit Suisse Securities (USA) LLC at Prospectus Department, One Madison Avenue, 1B, New York, NY 10010, Phone: (800) 221-1037;
  • J.P. Morgan Securities Inc. at c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by calling toll-free at 1-866-803-9204; or
  • Morgan Stanley & Co. Incorporated at via telephone: (866) 718-1649; email: prospectus@morganstanley.com; or standard mail at Morgan Stanley & Co. Incorporated, 180 Varick Street, New York, NY 10014, Attn: Prospectus Department.

A registration statement relating to these securities has been filed with and declared effective by the Securities and Exchange Commission. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.



CONTACT:

Aeroflex
Andrew Kaminsky, 516-752-6401
andrew.kaminsky@aeroflex.com

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:   Technology  Hardware  Telecommunications  Satellite  Semiconductor  Mobile/Wireless

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