Transdigm Group Inc. (TDG) has released an update.
TransDigm Group Incorporated successfully priced a robust $4.4 billion senior secured notes offering, split evenly between notes due in 2029 and 2032, both series guaranteed by TransDigm Group and certain subsidiaries. The notes, aimed at qualified institutional buyers and non-U.S. persons, will fund the repurchase of outstanding 2026 Secured Notes and cover related expenses. This strategic financial move, set to close by February 27, 2024, underscores TransDigm’s active management of its debt portfolio.
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