TransDigm US$1.5bn 6.00% senior secured notes due 2033
With the tranche L term loans and cash, fund a special cash dividend of US$3.5bn to US$4.5bn and related dividend-equivalent payments
Key terms
- Borrower or issuer
- TransDigm
- Date
- 5 Sep 2024
- Type
- Bond
- Amount
- US$1.5bn
- Pricing
- 6.00%
- Maturity
- 2033
Recorded terms
- Structure
- Rule 144A / Reg S notes issued by TransDigm Inc., guaranteed by TransDigm Group and its U.S. subsidiaries; senior secured, at par, alongside new tranche L term loans under Amendment No. 17 to the credit agreement
- Country
- United States
Parties
- TransDigm borrower or issuer
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More from TransDigm
| Date | Financing | Type | Amount |
|---|---|---|---|
| 14 Sep 2026 | TransDigm US$3.0bn 6.75% senior secured notes due 2035 | Bond | US$3bn |
| 13 May 2025 | TransDigm US$2.65bn 6.375% senior subordinated notes due 2033 | Bond | US$2.65bn |
| 14 Mar 2024 | TransDigm US$550m additional 6.375% senior secured notes due 2029 | Bond | US$550m |
| 12 Feb 2024 | TransDigm US$4.4bn senior secured notes (6.375% 2029 and 6.625% 2032) | Bond | US$4.4bn |
| 15 Nov 2023 | TransDigm US$1.0bn 7.125% senior secured notes due 2031 for the CPI Electron Device acquisition | Acquisition finance | US$1bn |
| 9 Aug 2023 | TransDigm US$1.45bn 6.875% senior secured notes due 2030 | Bond | US$1.45bn |
M&A and investment involving TransDigm
| Date | Deal | Type | Value |
|---|---|---|---|
| 31 Dec 2025 | TransDigm acquisition of Stellant Systems | M&A Announced | US$960m |
| 6 Oct 2025 | TransDigm acquisition of Simmonds Precision Products | M&A | US$765m |
| 31 Jul 2024 | TransDigm acquisition of Raptor Scientific | M&A | US$655m |
| 6 Jun 2024 | TransDigm acquisition of CPI Electron Device Business | M&A | US$1.39bn |
| 8 May 2023 | TransDigm acquisition of Calspan | M&A | US$725m |
| 5 Jan 2021 | TransDigm acquisition of Cobham Aero Connectivity | M&A | US$965m |
Sources
- TransDigm Group Form 8-K: pricing of US$1.5bn senior secured notes sec.gov · 5 Sep 2024
About this record
Record DEF-2024-0017, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
Senior notes are unsecured promises to pay, priced off government bonds; the prospectus sets the covenants, the change-of-control put and the redemption terms.
