

TransDigm Group Incorporated (NYSE: TDG) has announced that on May 8, 2018, its wholly owned subsidiary, TransDigm UK Holdings plc, has successfully completed its previously announced private offering of USD 500 million aggregate principal amount of 6.875% senior subordinated notes due 2026, the company said.
TransDigm Group intends to use the net proceeds from the offering of the Notes, together with the proceeds of USD 700 million in additional tranche E term loans, to replenish the cash used to fund the purchase price for its acquisitions of the Kirkhill elastomers business and Extant Components Group Holding, Inc. This cash and the remainder of the net proceeds will be used for general corporate purposes, including potential future acquisitions, dividends or repurchases under its stock repurchase program.
TransDigm Group, through its wholly owned subsidiaries, is a global designer, producer and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft in service today.
