Triumph Group to redeem all 8.625% notes, 2.625% convertibles June 23

By Toni Weeks

San Luis Obispo, Calif., May 22 - Triumph Group, Inc. gave notice that it intends to redeem its outstanding $350 million of 8.625% senior notes due 2018 and outstanding $10.2 million of 2.625% convertible senior subordinated notes due 2026.

According to a press release, both series of notes will be redeemed on June 23.

The redemption price is par plus the applicable premium for the 8.625% notes and par for the convertibles. Holders will also receive accrued interest up to but excluding the redemption date.

The convertibles may be converted at any time until 5 p.m. ET on June 20.

Berwyn, Pa.-based Triumph Group designs, engineers, manufactures, repairs and overhauls aerostructures, aircraft components, accessories, subassemblies and systems.

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