An announcement from Transdigm Group Inc. (TDG) is now available.
TransDigm Group Incorporated has successfully priced an offering of $550 million in 6.375% Senior Secured Notes due 2029, which will be guaranteed by the group and certain subsidiaries. This strategic financial move involves a private placement aimed at qualified institutional buyers, with the proceeds slated to redeem outstanding 7.500% Senior Subordinated Notes due 2027. The offering, which will close subject to standard conditions, underscores TransDigm’s proactive management of its debt portfolio to optimize its capital structure.
See more data about TDG stock on TipRanks’ Stock Analysis page.
