---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-027616"
form_type: "8-K"
ticker: null
cik: "0001021162"
company_name: "TRIUMPH GROUP INC"
filed_at: "2024-03-07T23:59:59+00:00"
generated_at: "2026-06-05T01:03:20.316910+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Triumph Group completes $725M sale of Product Support to AAR, nets ~$700M after tax

## Summary
- Closed March 1, 2024: $725M cash sale of Product Support (MRO business) to AAR Corp (NYSE: AIR).
- Net after-tax proceeds ~$700M; primarily used to redeem $435.6M of 7.750% 2025 Notes and $120M of 9.000% First Lien Notes.
- Redemptions used ~$575M cash, covering $555.6M principal plus accrued interest and premium.
- Post-divestiture, Triumph focuses on OEM components, spares, and IP-based aftermarket; 21 sites, ~4,500 employees, 90% sole-sourced.

## SEC filing metadata
- accession: 0000950170-24-027616
- form_type: 8-K
- cik: 0001021162
- company_name: TRIUMPH GROUP INC
- filed_at: 2024-03-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1021162/000095017024027616/0000950170-24-027616-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1021162/000095017024027616/tgi-20240301.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-027616
- JSON: https://secwatch.observer/filing/0000950170-24-027616.json
- Plain text: https://secwatch.observer/filing/0000950170-24-027616.txt

## Key facts
- M&A Transactions
  TRIUMPH GROUP INC completed a disposition involving AAR Corp. for $725 million (closed 2024-03-01).
  - Action: disposition
  - Counterparty: AAR Corp.
  - Consideration: $725 million
  - Closing: 2024-03-01
  source text: the “Sellers”), and AAR Corp., a Delaware corporation (“Buyer”), occurred on March 1, 2024. In connection therewith, the Sellers sold the Product Support business to Buyer for $725 million in cash, subject to customary adjustments set forth in the Agreement. The foregoing description of the Agreement and the transactions contemplated thereby does not purport to be
  evidence_url: https://www.sec.gov/Archives/edgar/data/1021162/000095017024027616/0000950170-24-027616-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.