TransDigm, Inc., a wholly owned subsidiary of TransDigm Group Incorporated (NYSE: TDG) has announced the pricing of its private offering of USD 1,100 million aggregate principal amount of 8.00% Senior Secured Notes due 2025, the company said.
The Notes will be issued at a price of 100% of their principal amount. The Notes will be guaranteed, with certain exceptions, by TransDigm Group, TransDigm UK Holdings plc and all of TransDigm Inc.´s existing and future US subsidiaries on a senior secured basis. The offering is expected to close on April 8, 2020, subject to customary closing conditions.
TransDigm Group expects to use the net proceeds from the offering of the Notes for general corporate purposes, including further increasing its liquidity.
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.