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Transdigm Group ( (TDG) ) has issued an update.
TransDigm Group Incorporated, a global leader in aerospace components, announced a one-time special dividend of $75 per share and cash dividend equivalent payments on vested options, reflecting its commitment to delivering shareholder value akin to top-performing private equity funds. This declaration follows the successful refinancing involving $3 billion of new secured debt, ensuring substantial liquidity and financial flexibility. The refinancing includes $1.5 billion in Senior Secured Notes with a 6.00% interest rate, maturing in 2033, and $1.5 billion in new term loans maturing in 2032, underlining TransDigm’s strategic financial management.
For a thorough assessment of TDG stock, go to TipRanks’ Stock Analysis page.
