TransDigm (TDG) May Offer Up to $500M of Senior Debt

TransDigm Group Incorporated (NYSE: TDG) today announced that it will consider offering, subject to market conditions and other factors, up to $500 million aggregate principal amount of senior subordinated notes to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, and to certain non-U.S. persons in accordance with Regulation S under the Securities Act, assuming that it receives from its lenders the requisite consents to a previously announced proposed amendment to its senior secured credit facilities. The Company would expect to use all or a portion of the proceeds of any such offering to pay a special dividend.

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