TransDigm Group Prices $1.5 Billion Secured Notes Offering

Transdigm Group ( (TDG) ) has shared an announcement.

TransDigm Group Incorporated has successfully priced its $1.5 billion offering of 6% Senior Secured Notes due in 2033, set to close on September 19, 2024. These notes, guaranteed by TransDigm Group and certain subsidiaries, are targeted at qualified institutional buyers and international non-U.S. persons, circumventing conventional registration requirements. The proceeds will finance a substantial special dividend for common stockholders, cover option-related cash payments, and pay related fees, marking a significant financial move for the company.

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