Summary
TransDigm Group Incorporated (TDG) announced on September 30, 2009, through a press release filed as part of an 8-K, the pricing of a private offering for its wholly-owned subsidiary, TransDigm Inc. The offering is for $425 million in aggregate principal amount of 7 3/4% Senior Subordinated Notes due 2014. The Notes were priced at 97.125% of their face value, resulting in an effective yield of 8.50%. This financing activity is expected to close on October 6, 2009, contingent upon standard closing conditions. Investors should note that this filing is for informational purposes related to the debt offering and does not constitute an offer to sell or a solicitation to buy any securities.
Key Highlights
- 1TransDigm Group Inc. subsidiary, TransDigm Inc., has priced a private offering of Senior Subordinated Notes.
- 2The offering is for $425 million in aggregate principal amount.
- 3The Notes carry a coupon rate of 7 3/4% and are due in 2014.
- 4The Notes were priced at 97.125% of their face value.
- 5The effective yield on the Notes is 8.50%.
- 6The offering is expected to close on October 6, 2009, subject to customary closing conditions.
- 7This event is disclosed under Regulation FD and is furnished, not filed.