Summary
TransDigm Group Incorporated (TDG) filed an 8-K on October 9, 2012, to announce its intention to consider offering up to $500 million in senior subordinated notes. This potential offering is contingent upon receiving necessary consents from lenders for a proposed amendment to its senior secured credit facilities. The company plans to use the proceeds, in whole or in part, to fund a special dividend to shareholders.
Key Highlights
- 1Potential offering of up to $500 million in senior subordinated notes.
- 2Offering is subject to market conditions and lender consents.
- 3Proceeds intended to fund a special dividend.
- 4This is a Regulation FD Disclosure, meaning the information is not deemed 'filed' for certain legal purposes but is being disclosed publicly.
- 5The company is seeking consent for amendments to its senior secured credit facilities.
- 6The press release detailing this information is furnished as Exhibit 99.1.