TransDigm said it completed an amendment to its credit agreement on March 22, 2024, cutting the margin on existing term loans H and I, $6.2 billion, from Term SOFR plus 3.25% to Term SOFR plus 2.75%.

1. 01

   TransDigm said it completed an amendment to its credit agreement on March 22, 2024, cutting the margin on existing term loans H and I, $6.2 billion, from Term SOFR plus 3.25% to Term SOFR plus 2.75%.

2. 02

   The company said it repriced and extended all tranche H term loans into tranche K term loans maturing on March 22, 2030. An original issue discount of 0.25% was paid to lenders of the refinanced tranche K term loans.

3. 03

   The company issued an additional $550 million of its 6.375% Senior Secured Notes maturing on March 1, 2029 at an issue price of 99.75% of principal. The notes are an additional issuance of the $2,200 million Senior Secured Notes issued on February 27, 2024.

4. 04

   The company said it plans to use the net proceeds from the New Secured Notes offering, together with cash on hand, to redeem all outstanding 7.50% Senior Subordinated Notes due 2027 and to pay related fees and expenses.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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