Triumph Group kicks off tender offer for 6¼% notes due 2024

Chicago, Feb. 27 – Triumph Group, Inc. is offering to buy back any and all of its $525 million outstanding 6¼% senior secured notes due 2024 (Cusips: 896818AQ4, U8968GAF1), according to an offering document.

The company is offering a total consideration of $1,001.50 per $1,000 note, inclusive of an early tender payment of $50 that will only be paid to noteholders who tender by the early deadline.

Interest will also be paid to the applicable settlement date.

The early tender deadline and the withdrawal deadline are 5 p.m. ET on March 10.

Early settlement is planned for March 14.

The offer expires at 5 p.m. ET on March 27.

The final settlement date will be March 28.

All of the notes that remain outstanding after the tender offer is completed will be redeemed on March 29, subject to certain conditions provided in the notice of redemption.

The offer is conditioned on the receipt of proceeds of at least $1.2 billion from a new offering of senior secured notes.

The information and tender agent for the offer is D.F. King & Co., Inc. (800 967-5068, 212 269-5550, tgi@dfking.com).

The dealer manager for the offer is J.P. Morgan Securities LLC (866 834-4666, 212 834-4087).

Based in Berwyn, Pa., Triumph designs, engineers, manufactures, repairs and overhauls aerospace and defense systems, components and structures.

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