TransDigm Group proposes private offering of USD 500m

TransDigm Group Incorporated (NYSE: TDG) has announced that its wholly owned subsidiary, TransDigm UK Holdings plc, is planning, subject to market and other conditions, to offer USD 500 million aggregate principal amount of senior subordinated notes due 2026 (the “Notes”) in a private offering, the company said.

It is expected that the Notes will be guaranteed by TransDigm Group, its wholly owned subsidiary, TransDigm Inc., and certain of TransDigm Inc.´s existing and future domestic subsidiaries on a senior subordinated basis.

TransDigm Group intends to use the net proceeds from the offering of the Notes and the incremental term loan to replenish the cash used to fund the purchase price for its acquisitions of the Kirkhill elastomers business and Extant Components Group Holding, Inc.

TransDigm, 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. Major product offerings, substantially all of which are ultimately provided to end-users in the aerospace industry.