New Issue: TransDigm prices $50 million add-on to 7¾% notes due 2018 at par

By Paul A. Harris

St. Louis, Dec. 17 - TransDigm Inc. priced a $50 million add-on to its 7¾% senior subordinated notes due Dec. 15, 2018 (B3/B-/) at par to yield 7¾% on Friday, according to a company press release.

UBS Investment Bank, Credit Suisse Securities, Barclays Capital Inc. and Morgan Stanley & Co. Inc. were the joint bookrunners for the quick-to-market deal, according to market sources.

Proceeds will be used for general corporate purposes.

The issuing entity is a wholly owned subsidiary of TransDigm Group Inc., a Cleveland-based aircraft components company.

Issuer:	TransDigm Inc. (TransDigm Group Inc.)
Amount:	$50 million
Maturity:	Dec. 15, 2018
Security description:	Add-on to the 7¾% senior subordinated notes
Bookrunners:	UBS Investment Bank, Credit Suisse Securities, Barclays Capital Inc., Morgan Stanley & Co. Inc.
Coupon:	7¾%
Price:	Par
Yield:	7¾%
Call features:	Callable on Dec. 15, 2014 at 103.875, 101.9375, 100.969, par on and after Dec. 15, 2017
Equity clawback:	35% at 107.75 until Dec. 15, 2013
Trade date:	Dec. 17
Settlement date:	Dec. 22
Ratings:	Moody's: B3
	Standard & Poor's: B-
Distribution:	Rule 144A and Regulation S
Price talk:	None
Marketing:	Quick to market
Original issue:	$1.55 billion priced at par on Dec. 1
Total issue size:	$1.6 billion

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