Transdigm Group Inc. (TDG) has released an update.
TransDigm Group is initiating a major financial move by offering $4.4 billion in senior secured notes through its subsidiary, TransDigm Inc. The offering is split equally between notes due in 2029 and 2032, aimed at qualified institutional buyers via a private placement. The proceeds will be used, along with available cash, to repurchase and retire the company’s existing 6.25% Senior Secured Notes due in 2026. Additionally, TransDigm Group plans to amend its current credit agreement to extend its revolving credit facility’s maturity and increase borrowing capacity.
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