TransDigm completes $750 million Senior Subordinated Notes offering
Clients TransDigm Group Incorporated
Jones Day represented TransDigm Group Incorporated, a leading global designer, producer, and supplier of highly engineered aircraft components, in connection with 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.