TransDigm launches $6.23 billion of term loans to investors

By Sara Rosenberg

New York, March 12 – TransDigm Group Inc. held a lender call at 1 p.m. ET on Tuesday to launch a $1.708 billion first-lien term loan K due March 2030 and a $4.525 billion first-lien term loan I due August 2028, according to a market source.

Price talk on term loan K is SOFR plus 275 basis points with a 0% floor and an original issue discount of 99.5 to 99.75, and talk on the term loan I is SOFR plus 275 bps with a 0% floor and a discount of 99.75 to par, the source said.

Both term loans have 101 soft call protection for six months and amortization of 1% per annum.

Goldman Sachs Bank USA is the left lead arranger on the deal.

Commitments are due at 5 p.m. ET on Thursday, the source added.

Proceeds will be used to reprice and extend by about three years an existing $1.708 billion first-lien term loan H due Feb. 22, 2027 that is priced at SOFR plus 325 bps with a 0% floor, and to reprice an existing $4.525 billion first-lien term loan I due Aug. 24, 2028 down from SOFR plus 325 bps with a 0% floor.

TransDigm is a Cleveland-based designer, producer and supplier of highly engineered aircraft components for commercial and military aircraft.

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