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Prospect News home > News index > List of issuers T > Headlines for TransDigm Group Inc. > News item
Published on 4/12/2021 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

TransDigm to redeem outstanding 6˝% subordinated notes due 2024

By Rebecca Melvin

Concord, N.H., April 12 – TransDigm Group Inc. plans to redeem all of its outstanding 6˝% senior subordinated notes due 2025 with the proceeds of a new deal and cash on hand, according to a news release.

The company’s wholly owned subsidiary, TransDigm Inc., is planning to offer $750 million senior subordinated notes, which will be guaranteed by TransDigm Group, TranDigm UK Holdings plc and all of TransDigm Inc.’s existing and future U.S. subsidiaries on a senior subordinated basis.

TransDigm is a Cleveland-based producer of highly engineered aircraft components.


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