TransDigm talks $250 million add-on to 7¾% notes due 2014 at 100.5-101

By Paul A. Harris

St. Louis, Jan. 30 - TransDigm Inc. talk a $250 million add-on to its 7¾% senior subordinated notes due July 15, 2014 at a dollar price range of 100.50 to 101.0 on Tuesday, according to a market source.

Pricing is expected Wednesday morning.

Credit Suisse and Lehman Brothers are leading the Rule 144A and Regulation S add-on.

The notes are callable with a make-whole call at Treasuries plus 50 basis points until July 15, 2009, then are callable at 104.813. The notes also feature an equity clawback until July 15, 2009 for 35% at 107.75.

Proceeds will be used to finance the $430 million acquisition of Aviation Technologies, Inc.

The original $275 million issue priced at par on June 20, 2006.

The prospective issuer is a subsidiary of TransDigm Group Inc., a Cleveland-based designer, producer and supplier of aircraft components.

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