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Transdigm Group Inc. (TDG) just unveiled an announcement.
TransDigm Group’s subsidiary, TransDigm Inc., is set to offer an additional $550 million in 6.375% Senior Secured Notes due 2029 to qualified institutional buyers and non-U.S. persons, aiming to redeem their existing 7.500% Senior Subordinated Notes due 2027. This strategic financial move, conducted through a private placement, is designed to streamline the company’s debt structure and reduce expenses related to higher-interest obligations.
See more insights into TDG stock on TipRanks’ Stock Analysis page.