SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
June 25, 1999 (June 18, 1999)
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Date of report (Date of earliest event reported)
Hexcel Corporation
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(Exact Name of Registrant as Specified in Charter)
Delaware 1-8472 94-1109521
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(State of (Commission File No.) (IRS Employer
Incorporation) Identification No.)
Two Stamford Plaza
281 Tresser Boulevard
Stamford, Connecticut 06901-3238
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(Address of Principal Executive Offices and Zip Code)
(203) 969-0666
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(Registrant's telephone number, including area code)
N/A
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(Former Name or Former Address, if Changed Since Last Report)
Item 5 Other Events.
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A copy of the press release issued by Hexcel Corporation, a
Delaware corporation (the "Company") on June 18, 1999 is filed as Exhibit
99.1 to this Current Report and is incorporated herein by reference.
Item 7 Financial Statements, Pro Forma
Financial Information and Exhibits.
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(c) Exhibits
99.1 Press Release issued by the
Company on June 18, 1999.
Signatures
Pursuant to the requirements of the Securities Exchange Act of
1934, as amended, the Registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
Dated: June 25, 1999
HEXCEL CORPORATION
By: /s/ Ira J. Krakower
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Name: Ira J. Krakower
Title: Senior Vice President,
General Counsel and
Secretary
EXHIBIT INDEX
Exhibit No. Description
99.1 Press Release issued by the
Company on June 18, 1998
Exhibit 99.1
CONTACTS: MEDIA:
RONALD S. ZIEMBA
203-969-0666 EXT. 405
[email protected]
INVESTORS:
STEPHEN C. FORSYTH
203-969-0666 EXT. 425
[email protected]
HEXCEL CORPORATION
COMMENCEMENT OF EXCHANGE OFFER
STAMFORD, CT (June 18, 1999) - Hexcel Corporation (NYSE: HXL) announced
today its offer to exchange any and all of its outstanding 9 3/4% Senior
Subordinated Notes due 2009 which were sold under Rule 144A of the
Securities Act of 1933 for a like principal amount of new 9 3/4% Senior
Subordinated Notes due 2009 which have been registered under the Securities
Act of 1933. The form and terms of the new notes are identical in all
material respects to the original notes, except that transfer restrictions
applicable to the original notes will not apply to the new notes.
Hexcel Corporation will accept for exchange any and all original notes
validly tendered and not withdrawn prior to the expiration date of 5:00
p.m., New York City time on July 19, 1999, unless extended. Tenders of the
original notes may be withdrawn at any time prior to the expiration date.
Copies of the prospectus and related transmittal materials governing the
exchange offer may be obtained from the exchange agent, The Bank of New
York, 101 Barclay Street, Floor 7 East, New York, NY 10286, Attention:
Reorganization Section, or by calling (212) 815-6333.
This announcement does not constitute an offer to sell or buy any security;
such offers shall only be made by means of a prospectus.
* * *
Hexcel Corporation is the world's leading advanced structural materials
company. It develops, manufactures and markets lightweight,
high-performance reinforcement products, composite materials and engineered
products for use in commercial aerospace, space and defense, electronics,
general industrial applications and recreation.
DISCLAIMER ON FORWARD LOOKING STATEMENTS
This press release contains statements that are forward looking, including
statements relating to market conditions, sales, gross margin percentage,
EBITDA, diluted earnings per share, and expenses associated with business
acquisition and consolidation programs. These statements are not
projections or assured results. Actual results may differ materially from
the results anticipated in the forward looking statements due to a variety
of factors, including but not limited to, changing market conditions,
particularly in Asia and Europe, increased competition, product mix and
currency. Additional risk factors are described in the company's filings
with the SEC. The company does not undertake an obligation to update its
forward looking statements to reflect future events or circumstances.
