CLEVELAND, April 2, 2020 /PRNewswire/ -- TransDigm Group
Incorporated ("TransDigm Group") (NYSE: TDG) announced today that
its wholly-owned subsidiary, TransDigm Inc., is planning, subject
to market and other conditions, to offer senior secured notes (the
"Notes") in a private offering that will be exempt from the
registration requirements of the Securities Act of 1933 (the
"Securities Act"). It is expected that the Notes will be
guaranteed, with certain exceptions, by TransDigm Group, TransDigm
UK Holdings plc and all of TransDigm Inc.'s existing and future
U.S. subsidiaries on a senior secured basis.
TransDigm Group expects to use the net proceeds from the
offering of the Notes for general corporate purposes, including
further increasing its liquidity.
This is not an offer to sell or the solicitation of an offer to
buy any securities. The Notes and related guarantees are being
offered only to qualified institutional buyers in reliance on the
exemption from registration set forth in Rule 144A under 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.
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, databus and power controls, cockpit
security components and systems, specialized cockpit displays,
aircraft audio systems, specialized lavatory components, seat belts
and safety restraints, engineered interior surfaces and related
components, advanced sensor products, switches and relay panels,
advanced displays, thermal protection and insulation, lighting and
control technology, military personnel parachutes, high performance
hoists, winches and lifting devices, 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 TransDigm Group's 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 ability to successfully complete the offering of the Notes;
the sensitivity of TransDigm Group's business to the number of
flight hours that its customers' planes spend aloft and its
customers' profitability, both of which are affected by general
economic conditions; future geopolitical or other worldwide events,
including acts of terrorism or outbreak of war or hostilities or
public health crises, as well as management's response to any of
the aforementioned factors; cyber-security threats and natural
disasters; TransDigm Group's reliance on certain customers; the
U.S. defense budget and risks associated with being a government
supplier, including government audits and investigations; failure
to maintain government or industry approvals; failure to complete
or successfully integrate acquisitions, including TransDigm Group's
acquisition of Esterline; TransDigm Group's indebtedness; potential
environmental liabilities; liabilities arising in connection with
litigation; increases in raw material costs, taxes and labor costs
that cannot be recovered in product pricing; risks and costs
associated with TransDigm Group's international sales and
operations; 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 for the fiscal year ended
September 30, 2019 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:
|
Investor
Relations
216-706-2945
ir@transdigm.com
|
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SOURCE TransDigm Group Inc.