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Article: TransDigm Group Announces Pricing of $425 Million of 7-3/4% Senior Subordinated Notes Due 2014.
- Article from:
- PR Newswire
- Article date:
- September 30, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CLEVELAND, Sept. 30 /PRNewswire-FirstCall/ -- TransDigm Group Incorporated ("TransDigm Group") ; announced today that its wholly-owned subsidiary, TransDigm Inc. ("TransDigm), has priced a private offering of $425 million of 7-3/4% Senior Subordinated Notes due 2014 (the "Notes").
The Notes were priced at 97.125% of the principal amount plus accrued interest from October 6, 2009, representing an effective yield to maturity of 8.5% to the purchasers of the Notes. The sale of the Notes is expected to close on October 6, 2009. TransDigm intends to use the net proceeds from the offering of the Notes to make a cash distribution to TransDigm Group and TransDigm ...