TransDigm Group INC (TDG): debt financing — TransDigm raises $2.0B debt ($1.2B notes + $800M term loans) to fund three acquisitions

TransDigm Group INC

$1.2B of 6.125% senior subordinated notes due 2034 issued at par.
$800M tranche N term loans added; interest at Term SOFR + 2.50%.
Proceeds to fund acquisitions of Stellant Systems, Jet Parts Engineering, and Victor Sierra Aviation.
Notes mature July 31, 2034; term loans mature February 13, 2033.
Pro forma leverage covenants: net leverage ≤ 7.25x, secured net debt ≤ 5.00x.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

TransDigm Group INC incurred term loan of $800 million with Goldman Sachs Bank USA at Term SOFR plus an applicable margin of 2.50% maturing February 13, 2033.

Instrument: term loan
Principal: $800 million
Counterparty: Goldman Sachs Bank USA
Rate: Term SOFR plus an applicable margin of 2.50%
Maturity: February 13, 2033
Event: incurrence

Exact text from the filing

$800 million of new tranche N term loans (the “New Term Loans”) maturing February 13, 2033

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

TransDigm Group INC incurred senior notes of $1,200 million with The Bank of New York Mellon Trust Company, N.A. at 6.125% per annum maturing July 31, 2034.

Instrument: senior notes
Principal: $1,200 million
Counterparty: The Bank of New York Mellon Trust Company, N.A.
Rate: 6.125% per annum
Maturity: July 31, 2034
Event: incurrence

Exact text from the filing

completed the previously announced offerings of an aggregate of $2,000 million of new debt, consisting of $1,200 million of 6.125% Senior Subordinated Notes maturing July 31, 2034

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

TransDigm Group INC amended Amendment No. 20 and Incremental Term Loan Assumption Agreement with Goldman Sachs Bank USA valued at $800,000,000 Tranche N Term Loans (effective 2026-02-13).

Action: amendment
Agreement: credit facility
Counterparty: Goldman Sachs Bank USA
Value: $800,000,000 Tranche N Term Loans
Effective: 2026-02-13

Exact text from the filing

AMENDMENT NO. 20 and INCREMENTAL TERM LOAN ASSUMPTION AGREEMENT dated as of February 13, 2026, relating to the SECOND AMENDED AND RESTATED CREDIT AGREEMENT dated as of June 4, 2014, among TRANSDIGM INC., TRANSDIGM GROUP INCORPORATED, THE SUBSIDIARIES OF TRANSDIGM INC. FROM TIME TO TIME PARTY THERETO, THE LENDERS PARTY THERETO and GOLDMAN SACHS BANK USA, as Administrative Agent and Collateral Agent

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TransDigm Group INC filing history →

Source: SEC EDGAR

accession 0001193125-26-051416

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