Triumph Group, Inc. (NYSE:TGI) intends to offer USD 500 million in aggregate principal amount of senior notes due 2025, the company said.
Triumph intends to use the net proceeds of the offering to repay amounts outstanding under its credit facilities and pay fees and expenses.
The notes will be offered in a private placement.
Triumph Group, headquartered in Berwyn, Pennsylvania, designs, engineers, manufactures, repairs and overhauls a broad portfolio of aircraft structures, components, accessories, subassemblies and systems. Triumph serves a broad, worldwide spectrum of the aviation industry, including original equipment manufacturers of commercial, regional, business and military aircraft and aircraft components, as well as commercial and regional airlines and air cargo carriers.