TransDigm completes incremental term loan

TransDigm Group Incorporated (NYSE: TDG) has received funding of previously announced incremental term loans, the company said.

TransDigm Group incurred USD650 million of incremental term loans on October 14, 2016 and said it expects to incur an additional USD500 million of delayed draw incremental term loans, the proceeds of which will be used to repurchase its 7.50 percent senior subordinated notes due 2021 in connection with the previously announced tender offer.

TransDigm Group Incorporated, through its wholly owned subsidiaries, is a designer, producer and supplier of aircraft components for use on commercial and military aircraft. Major product offerings are provided to end-users in the aerospace industry.