TransDigm Group completes USD 300m additional notes offering

TransDigm Group Incorporated (NYSE: TDG) wholly-owned subsidiary, TransDigm Inc., has successfully completed the previously announced private offering of an additional USD 300m aggregate principal amount of 6.5% senior subordinated notes due 2025, the company said.

TransDigm Inc. intends to use the net proceeds from the offering of the notes for general corporate purposes, which may include potential future acquisitions, dividends and purchases under its stock repurchase program, as well as to replenish approximately USD 90m of cash on its balance sheet used to fund the acquisition of SCHROTH Safety Products GmbH and certain aviation and defense assets and liabilities from subsidiaries of Takata Corporation on February 22, 2017.

TransDigm Group, through its wholly-owned subsidiaries, is a global designer, producer, and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft in service today. Substantially all its major product offerings are ultimately provided to end-users in the aerospace industry.