CLEVELAND, May 6, 2015 /PRNewswire/ -- TransDigm Group
Incorporated ("TransDigm Group") (NYSE: TDG) announced today
that on May 6, 2015, its wholly-owned
subsidiary, TransDigm Inc. (the "Company"), priced its private
offering of $450 million aggregate
principal amount of 6.500% Senior Subordinated Notes due 2025 (the
"Notes"). The Notes will be issued at a price of 100.00% of
their principal amount. The Notes will be guaranteed, with
certain exceptions, by TransDigm Group and all of the Company's
existing and future domestic subsidiaries on a senior subordinated
basis. The offering is expected to close on May 14, 2015.
The Company intends to use the net proceeds from the offering of
the Notes, after giving effect to the initial purchasers' discounts
and the payment of fees and expenses, to fund a portion of the
purchase price for its acquisition of the assets of the aerospace
business of Pexco LLC and for general corporate purposes.
The Notes and related guarantees were offered only to qualified
institutional buyers in reliance on the exemption from registration
set forth in Rule 144A under the Securities Act of 1933 (the
"Securities Act"), and outside the United
States to non-U.S. persons in reliance on the exemption from
registration set forth in Regulation S under the Securities Act.
The Notes and the related guarantees have not been registered under
the Securities Act, or the securities laws of any state or other
jurisdiction, and may not be offered or sold in the United States without registration or an
applicable exemption from the Securities Act, applicable state
securities or blue sky laws and foreign securities laws.
This press release shall not constitute an offer to sell, or the
solicitation of an offer to buy, any securities, nor shall there be
any sales of securities mentioned in this press release in any
state or foreign jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state or foreign jurisdiction.
About TransDigm Group
TransDigm Group, through its wholly-owned subsidiaries, is a
leading global designer, producer and supplier of highly engineered
aircraft components for use on nearly all commercial and military
aircraft in service today. Major product offerings, substantially
all of which are ultimately provided to end-users in the aerospace
industry, include mechanical/electro-mechanical actuators and
controls, ignition systems and engine technology, specialized pumps
and valves, power conditioning devices, specialized AC/DC electric
motors and generators, NiCad batteries and chargers, engineered
latching and locking devices, rods and locking devices, engineered
connectors and elastomers, cockpit security components and systems,
specialized cockpit displays, aircraft audio systems, specialized
lavatory components, seatbelts and safety restraints, engineered
interior surfaces, lighting and control technology and military
personnel parachutes and cargo loading, handling and delivery
systems.
Safe Harbor Statement
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. All forward-looking statements involve risks and
uncertainties that could cause its actual results to differ
materially from those expressed or implied in any forward-looking
statements made by, or on behalf of, TransDigm Group. These risks
and uncertainties include but are not limited to: the conditions of
the debt markets; interest rate changes; the Company's compliance
with its debt covenants; local, regional, national and
international economic conditions; and other factors. Further
information regarding the important factors that could cause actual
results to differ materially from projected results can be found in
TransDigm Group's Annual Report on Form 10-K and other reports that
TransDigm Group or its subsidiaries have filed with the Securities
and Exchange Commission. Except as required by law, TransDigm Group
undertakes no obligation to revise or update any forward-looking
statements contained in this press release.
Contact:
|
Liza Sabol
|
|
Investor
Relations
|
|
(216)
706-2945
|
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ir@transdigm.com
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SOURCE TransDigm Group Incorporated