By Paul A. Harris
St. Louis, Mo., June 4 - TransDigm, Inc. priced a $75 million add-on to its 10 3/8% senior subordinated notes due Dec. 1, 2008 at 102.625 for a 9 5/8% yield to worst, according to a syndicate source.
Price talk was 102-103.
Deutsche Bank Securities Inc. and Credit Suisse First Boston were the joint bookrunners on the Rule 144A deal.
The Richmond Heights, Ohio aerospace industry supplier will use proceeds to repay part of its term loans.
The original $125 million priced on Nov. 24, 1998.
Issuer: TransDigm, Inc.
Amount: $75 million
Type: Add-on to senior subordinated notes
Bookrunner: Deutsche Bank Securities, Credit Suisse First Boston
| Maturity: | Dec. 1, 2008
|
| Coupon: | 10 3/8%
|
| Price: | 102.675
|
| Price talk: | 102-103
|
| Yield to worst: | | 9 5/8%
|
| Spread: | 502 basis point over 4¾% Treasury due November 2008
|
| Call features: | Callable on Dec. 1, 2003 at 105.188, 103.458, 101.729
|
| Settlement date: | June 7, 2002 with accrued interest
|
| Ratings: | Moody's: B3
|
| Standard & Poor's: B-
|
| Rule 144A CUSIP: | 893647AD9
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
