debt
confidence high
sentiment neutral
materiality 0.75
TransDigm prices $1.5B 6.00% Senior Secured Notes due 2033, plans $3.5-4.5B special dividend
TransDigm Group INC
- $1.5B aggregate principal of 6.00% Senior Secured Notes due 2033 priced at par; closing expected Sept 19, 2024.
- Net proceeds, plus new term loans and cash, to fund special cash dividend of $3.5B to $4.5B to common stockholders.
- Notes guaranteed by TransDigm Group and certain subsidiaries; offered via Rule 144A/Regulation S.
- Dividend equivalent payments also planned on eligible vested stock options, plus related fees and expenses.