debt
confidence high
sentiment neutral
materiality 0.45
TransDigm completes $3.0B 6.75% notes due 2035; proceeds to refinance $2.1B of 2028 notes
TransDigm Group INC
- $3,000 million of 6.75% senior secured notes due January 31, 2035 priced at 100.00% of principal; interest payable Jan 31 and Jul 31, first payment Jan 31, 2027.
- Net proceeds to repurchase TransDigm Inc.'s outstanding $2,100 million 6.75% senior secured notes due 2028 via a concurrent tender offer launched September 14, 2026, plus general corporate purposes.
- Notes are guaranteed on a senior secured basis by TransDigm Group and restricted subsidiaries that are credit-facility borrowers/guarantors or issue $200M+ of capital markets debt.
- Indenture limits additional debt, liens, dividends/redemptions, investments, affiliate deals and asset sales; includes change-of-control and asset-sale repurchase obligations.
- Issued via Rule 144A/Reg S private placement; Bank of New York Mellon Trust Company, N.A. serves as trustee and US collateral agent.