TransDigm declares $75/share special dividend; issues $3B debt to fund it

TransDigm Group INC

Special cash dividend of $75 per share declared; record date Oct 4, 2024, payment date Oct 18, 2024.
Issued $1.5B of 6.00% Senior Secured Notes due 2033 and $1.5B of term loans at SOFR+2.5% due 2032.
Proceeds from debt issuance used to fund the special dividend, dividend equivalent payments, and related fees.
CEO states dividend aligns with goal of delivering private-equity-like returns to shareholders.

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