TransDigm’s $750 Million Notes Offering

Jones Day advised TransDigm Group Incorporated on the deal.

TransDigm Group Incorporated, a leading global designer, producer, and supplier of highly engineered aircraft components, announced the Rule 144A and Regulation S offering by TransDigm Inc., its wholly-owned subsidiary, of $750 million aggregate principal amount of 4.875% Senior Subordinated Notes due 2029. The Notes are guaranteed, with certain exceptions, by TransDigm Group Incorporated, TransDigm UK Holdings plc, and all of TransDigm Inc.’s existing and future U.S. subsidiaries on a senior subordinated basis.

TransDigm Inc. expects to use the net proceeds of this offering, plus cash on hand, to redeem all of its outstanding 6.500% Senior Subordinated Notes due 2025.

The Jones Day team was led by Michael J. Solecky (Picture).

Involved fees earner: Michael Solecki – Jones Day;

Law Firms: Jones Day;

Clients: TransDigm Group;

Author: Martina Bellini