Triumph Group US$1.75bn take-private debt financing (Warburg Pincus and Berkshire Partners)
Fund the merger consideration and costs and redeem Triumph's 9.000% senior secured first-lien notes due 2028
Key terms
- Borrower or issuer
- Triumph Group
- Date
- 2 Feb 2025
- Type
- Acquisition finance
- Amount
- US$1.75bn
Recorded terms
- Structure
- Debt commitment letter for first-lien facilities: US$1,375m term loan, US$125m delayed-draw term loan and US$250m revolver
- Country
- United States
Parties
- Triumph Group borrower or issuer
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 1 May 2025 | AeroVironment US$700m term loan A for the BlueHalo acquisition | Acquisition finance | US$700m |
| 30 Oct 2024 | CACI International US$750m term loan B for the Azure Summit acquisition | Acquisition finance | US$750m |
| 27 Sep 2024 | Amentum US$1,000m 7.250% senior notes due 2032 | Acquisition finance | US$1bn |
| 27 Sep 2024 | Amentum US$4.6bn credit facilities for the Jacobs government services combination | Acquisition finance | US$4.6bn |
| 18 Jan 2024 | Kaman US$940m take-private debt financing (Arcline) | Acquisition finance | US$940m |
More from Triumph Group
| Date | Financing | Type | Amount |
|---|---|---|---|
| 28 Feb 2023 | Triumph Group US$1.2bn 9.000% senior secured first lien notes due 2028 | Bond | US$1.2bn |
| 5 Aug 2020 | Triumph Group US$700m 8.875% senior secured first lien notes due 2024 | Bond | US$700m |
| 23 Sep 2019 | Triumph Group US$525m 6.250% senior secured notes due 2024 | Bond | US$525m |
| 8 Aug 2017 | Triumph Group US$500m 7.75% senior notes due 2025 | Bond | US$500m |
Sources
- Triumph Group definitive merger proxy statement (DEFM14A): financing sec.gov · 19 Mar 2025
About this record
Record DEF-2025-0048, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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
Acquisition debt is committed before signing, often as a bridge, and refinanced with bonds or term loans once the deal closes.
