TransDigm completes $4.4 billion Senior Secured Notes offering and extension and increase of its revolving credit facility to $910 million
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 $2.2 billion aggregate principal amount of 6.375% Senior Secured Notes due 2029 and $2.2 billion aggregate principal amount of 6.625% Senior Secured Notes due 2032 (collectively, 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 Incorporated and certain of its subsidiaries amended its Credit Agreement by entering into Amendment No. 14 and Incremental Revolving Credit Assumption Agreement, pursuant to which, among other things, it refinanced its revolving credit facility to extend the maturity date to February 2029 and increase the total commitments capacity to $910 million.
