TransDigm to launch up to $4.83 billion term loan I on Wednesday

By Sara Rosenberg

New York, Feb. 7 – TransDigm Inc. is set to hold a lender call at 11 a.m. ET on Wednesday to launch an up to $4.825 billion first-lien term loan I due August 2028, according to a market source.

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

Price talk on the term loan I is SOFR plus 325 basis points with a 0% floor and an original issue discount of 99, the source said.

The term loan I has 101 soft call protection for one year and amortization of 1% per annum.

Commitments are due at 11 a.m. ET on Friday, the source added.

Proceeds will be used to extend the maturity of the company’s first-lien term loan E due May 2025 and first-lien term loan F due December 2025.

Up to $750 million of other senior secured debt will be used to refinance the portion of the term loan E and term loan F that do not convert or refinance into the new term loan I, the source added.

TransDigm is a Cleveland-based supplier of highly engineered aircraft components for use on commercial and military aircraft.

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