TransDigm Group completes Incremental term loan and notes offering

6 June 2014

TransDigm Group Inc. (NYSE: TDG) said that on June 4, 2014 its subsidiary, TransDigm Inc., received the funding of an additional incremental term loan of USD825m at a current interest rate of approximately 3.8 percent and that it has successfully completed its previously announced private offering of USD2.350bn aggregate principal amount of senior subordinated notes.

The offering consists of USD1.150bn aggregate principal amount of 6.0 percent senior subordinated notes due 2022 and USD1.200bn aggregate principal amount of 6.5 percent senior subordinated notes due 2024.

TransDigm Group also announced that its board of directors has authorized and declared a special cash dividend of USD25.00 on each outstanding share of common stock and cash dividend equivalent payments under certain of its stock option plans. The record date for the special dividend is June 16, 2014, and the payment date for the dividend is June 26, 2014.

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.

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