TransDigm Completes $3 Billion Senior Secured Notes Offering
Filed with the SEC on · Summarized by InvestorsBot
TransDigm Inc., a wholly owned subsidiary of TransDigm Group, issued $3 billion of 6.75% senior secured notes due January 2035 at par. The company intends to use the net proceeds to repurchase up to $2.1 billion of its outstanding 6.75% senior secured notes due 2028 through a concurrent tender offer and for general corporate purposes; the new notes are guaranteed by TransDigm Group and certain subsidiaries.