TransDigm completes $1.2 billion Senior Subordinated Notes offering and incurs $800 million of new term loans under its term credit facility

Client(s) TransDigm Group Incorporated

Jones Day represented TransDigm Group Incorporated (“TransDigm Group”), a leading global designer, producer, and supplier of highly engineered aircraft components, in connection with the Rule 144A and Regulation S offering by its wholly-owned subsidiary TransDigm Inc. (“TransDigm”) of $1.2 billion aggregate principal amount of 6.125% Senior Subordinated Notes due 2034 (the “Notes”).

Concurrently with the offering of the Notes, TransDigm amended its Credit Agreement by entering into Amendment No. 20 and Incremental Term Loan Assumption Agreement, pursuant to which, among other things, TransDigm incurred $800 million of new term loans maturing 2033 with an interest rate of Term SOFR plus 2.50%.