TransDigm launches any-and-all tender offer for 6¼% notes due 2026

By Marisa Wong

Los Angeles, Feb. 12 – TransDigm Group Inc.’s wholly owned subsidiary, TransDigm Inc., has begun a cash tender offer for any and all of its outstanding 6¼% senior secured notes due 2026 (Cusip: 893647BE6, U8936PAQ6), according to an 8-K filing with the Securities and Exchange Commission.

The company is offering a total consideration of $1,000 per $1,000 principal amount. The total consideration includes an early tender premium of $30 per $1,000 of notes tendered by the early tender deadline.

Holders tendering their notes after the early deadline will only be eligible to receive the tender offer consideration of $970 per $1,000 principal amount.

In addition, the company will pay accrued interest to but excluding the applicable payment date.

The tender offer is subject to a refinancing condition.

Tenders may be withdrawn at any time prior to the early tender deadline.

The early tender deadline is 5 p.m. ET on Feb. 26.

The offer will expire at 5 p.m. ET on March 12.

Goldman Sachs & Co. LLC (800 828-3182 or 212 902-5962) is the dealer manager for the tender offer.

Global Bondholder Services Corp. (212 430-3774 for banks and brokers, 855 654-2014 for all others; contact@gbsc-usa.com) is the information agent and depositary.

TransDigm is a Cleveland-based designer, producer and supplier of engineered aerospace components, systems and subsystems.

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