27 May 2014
Triumph Group, Inc. (NYSE: TGI) said it has given the required notice necessary to redeem for cash all of its outstanding 8.625 percent senior notes due 2018 and 2.625 percent convertible senior subordinated notes due 2026 on June 23, 2014.
The redemption price for the 2018 senior notes is equal to 100 percent of the principal amount of the 2018 senior notes outstanding, the premium and the related indenture under which the 2018 senior notes were issued, and the accrued and unpaid interest on the 2018 senior notes up to the redemption date of June 23, 2014. The aggregate principal amount of the 2018 senior notes outstanding is USD350,000,000.
The redemption price for the convertible notes is equal to 100 percent of the principal amount of the convertible notes outstanding, plus accrued and unpaid interest on the convertible notes up to the redemption date of June 23, 2014. The aggregate principal amount of the convertible notes outstanding is approximately USD10,200,000. The convertible notes may be converted at the option of the holder at any time until 5: 00 p.m. (New York City time) on June 20, 2014. The convertible notes surrendered for conversion will be settled in cash or stock in accordance with the provisions of the indenture governing the convertible Notes.
Triumph Group, Inc., headquartered in Berwyn, Pennsylvania, designs, engineers, manufactures, repairs and overhauls a broad portfolio of aerostructures, aircraft components, accessories, subassemblies and systems. Its website is at www.triumphgroup.com.