TransDigm completes $1 billion Senior Secured Notes offering and $1 billion incremental term loan

Client(s) TransDigm Group Incorporated

Jones Day represented TransDigm Group Incorporated (“TransDigm Group”), a leading global designer, producer and supplier of highly engineered aircraft components, in connection with the Rule 144A and Regulation S offering by TransDigm Inc., its wholly-owned subsidiary, of $1 billion aggregate principal amount of 7.125% Senior Secured Notes due 2031 (the “Notes”). The Notes are guaranteed, on a senior secured basis, by TransDigm Group and each of TransDigm Inc.'s direct and indirect restricted subsidiaries that is a borrower or guarantor under TransDigm Inc.'s senior secured credit facilities or that issues or guarantees any capital markets indebtedness of TransDigm Inc. or any of the guarantors in an aggregate principal amount of at least $200 million.

Concurrently with the offering of the Notes, TransDigm Group amended the company's Credit Agreement by entering into an Amendment No. 13 and Incremental Term Loan Assumption Agreement, pursuant to which, among other things, TransDigm Inc. incurred $1 billion of new tranche J term loans with a maturity date of February 28, 2031.