secwatch / observer
8-K filed March 22, 2024, 7:59 PM ET ticker TDG CIK 0001260221
debt confidence high sentiment positive materiality 0.65

TransDigm Group INC (TDG): debt financing — TransDigm reprices $6.2B term loans, extends $1.7B to 2030, issues $550M notes to redeem 7.5% sub notes

TransDigm Group INC

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 1.0

TransDigm Group INC incurred senior notes of $550 million in aggregate principal amount at 6.375% maturing March 1, 2029.

Instrument
senior notes
Principal
$550 million in aggregate principal amount
Rate
6.375%
Maturity
March 1, 2029
Event
incurrence
Exact text from the filing
TD Group also completed the previously announced offering of an additional $550 million in aggregate principal amount of TransDigm’s 6.375% Senior Secured Notes maturing March 1, 2029
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Debt Financings SEC 8-K Item 2.03/2.04 confidence 1.0

TransDigm Group INC amended credit facility at Term SOFR plus 2.75% maturing March 22, 2030.

Instrument
credit facility
Rate
Term SOFR plus 2.75%
Maturity
March 22, 2030
Event
amendment
Exact text from the filing
reprice the margin on $6.2 billion of existing term loans H and I from Term SOFR plus 3.25% to Term SOFR plus 2.75%, extend the maturity on $1.7 billion term loan H to March 2030
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

TransDigm Group INC amended Amendment No. 15, Loan Modification Agreement and Refinancing Facility Agreement with Goldman Sachs Bank USA, as administrative agent and collateral agent, and the lenders party thereto (effective 2024-03-22).

Action
amendment
Agreement
credit facility
Counterparty
Goldman Sachs Bank USA, as administrative agent and collateral agent, and the lenders party thereto
Effective
2024-03-22
Exact text from the filing
AMENDMENT NO. 15, LOAN MODIFICATION AGREEMENT AND REFINANCING FACILITY AGREEMENT dated as of March 22, 2024, relating to the SECOND AMENDED AND RESTATED CREDIT AGREEMENT dated as of June 4, 2014
View on SEC.gov

309 debt financings filed in the last 30 days. Browse all debt financings →

TransDigm Group INC filing history →

Source: SEC EDGAR
accession 0001193125-24-075251
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