TransDigm said it completed on June 4, 2024 an amendment that lowered the margin on $997 million of existing term loans J from Term SOFR plus 3.25% to Term SOFR plus 2.50%.

1. 01

   TransDigm said it completed on June 4, 2024 an amendment that lowered the margin on $997 million of existing term loans J from Term SOFR plus 3.25% to Term SOFR plus 2.50%.

2. 02

   The company said it extended the maturity of $2,644 million of existing term loans I from August 2028 to February 2031 and lowered the margin from Term SOFR plus 2.75% to Term SOFR plus 2.50%.

3. 03

   The company said it converted $2,644 million of term loans I into term loans J and, together with the existing term loans J, defined them as the New Tranche J Term Loans, and that the other terms are substantially the same as those in effect immediately before the amendment.

4. 04

   The company said it entered into Amendment No. 16, Loan Modification Agreement and Refinancing Facility Agreement on June 4, 2024, which amends the Second Amended and Restated Credit Agreement dated June 4, 2014. Goldman Sachs Bank USA is the administrative agent and collateral agent.

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