Triumph to start roadshow Wednesday for $350 million eight-year notes

By Paul A. Harris

St. Louis, May 26 - Triumph Group, Inc. will begin a roadshow on Wednesday for its $350 million offering of eight-year senior unsecured notes (Ba3/B+), according to an informed source.

The deal is set to price during the June 7 week.

RBC Capital Markets Corp. is the left bookrunner for the Rule 144A with registration rights offering. UBS Investment Bank is the joint bookrunner.

PNC Capital Markets is the senior co-manager. BB&T Capital Markets and USBank Securities are co-managers.

The notes come with four years of call protection as well as a three-year 35% equity clawback and a 101% poison put.

Proceeds will be used to partially fund the acquisition of Vought Aircraft.

Triumph is a Wayne, Pa.-based designer, engineer, manufacturer and repairer of aircraft components and accessories.

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