debt
confidence high
sentiment positive
materiality 0.80
TransDigm plans $3B debt offering to fund $3.5-$4.5B special dividend
TransDigm Group INC
- Subsidiary TransDigm Inc. to offer $1.5B senior secured notes and $1.5B new term loans concurrently.
- Net proceeds plus cash on hand to fund special cash dividend of $3.5B to $4.5B to common stockholders.
- Also make cash dividend equivalent payments on eligible vested stock options.
- Offering subject to market conditions; notes and credit amendment not conditional on each other.