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
January 4, 1999 (January 4, 1999)
________________________________________________
Date of report (Date of earliest event reported)
Hexcel Corporation
______________________________________________________
(Exact Name of Registrant as Specified in Charter)
Delaware 1-8472 94-1109521
______________ _____________________ __________________
(State of (Commission File No.) (IRS Employer
Incorporation) Identification No.)
Two Stamford Plaza
281 Tresser Boulevard
Stamford, Connecticut 06901-3238
____________________________________________________________
(Address of Principal Executive Offices and Zip Code)
(203) 969-0666
____________________________________________________
(Registrant's telephone number, including area code)
N/A
_____________________________________________________________
(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events.
A copy of the press release issued by Hexcel Corporation, a
Delaware corporation (the "Company") on January 4, 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.
(c) Exhibits
99.1 Press Release issued by the Company on January 4,
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: January 4, 1999
HEXCEL CORPORATION
By: /s/ Ira J. Krakower
--------------------------
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
January 4, 1999
Exhibit 99.1
CONTACT: Media:
Ronald S. Ziemba
203-969-0666 ext. 405
[email protected]
Investors:
Stephen C. Forsyth
203-969-0666 ext. 425
[email protected]
HEXCEL PROPOSES TO ISSUE $275 MILLION OF SENIOR
SUBORDINATED NOTES DUE 2009 PURSUANT TO RULE 144A.
STAMFORD, CT, January 4, 1999 -- Hexcel Corporation (NYSE/PCX: HXL)
announced today that it proposes to issue $275 million of senior
subordinated notes due 2009 pursuant to Rule 144A of the Securities Act of
1933. Hexcel expects that the proposed private offering will be
consummated by the end of January 1999. Hexcel will use the net proceeds
of the proposed offering to prepay approximately $227.5 million of its bank
term loans and to redeem approximately $37.5 of its increasing rate senior
subordinated notes. The notes issued pursuant to the offering will have
registration rights but will not be initially registered under the
Securities Act of 1933 and may not be offered or sold in the United States
absent registration or an applicable exemption from registration
requirements.
This news release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the notes
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 state or jurisdiction.
