TransDigm to raise $1.25B in new debt

In a regulatory filing, TransDigm (TDG) Group announced announced that its wholly-owned subsidiary, TransDigm Inc., is planning, subject to market and other conditions, to offer an incremental $1.25B of new debt. The offering is expected to be comprised of $250M of new senior subordinated notes and $1B of new term loans to be launched concurrently. TransDigm Group intends to use the net proceeds of the incremental debt, together with cash on hand, to fund the purchase price of the Acquisition and the Share Repurchases and for related transaction fees and expenses.