secwatch.observer — SEC 8-K summary
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Issuer:     TRIUMPH GROUP INC (—)
CIK:        0001021162
Form:       8-K
Filed at:   2024-03-07T23:59:59+00:00
Accession:  0000950170-24-027616
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1021162/000095017024027616/0000950170-24-027616-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1021162/000095017024027616/tgi-20240301.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-027616

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