Triumph Group US$700m 8.875% senior secured first lien notes due 2024
Repay and terminate the revolving credit facility, cash-collateralise its letters of credit, and add cash for general corporate purposes
Key terms
- Borrower or issuer
- Triumph Group
- Date
- 5 Aug 2020
- Type
- Bond
- Amount
- US$700m
- Pricing
- 8.875%
- Maturity
- 2024-06
Recorded terms
- Structure
- Rule 144A / Reg S senior secured first lien notes; U.S. Bank National Association trustee
- Country
- United States
Parties
- Triumph Group borrower or issuer
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 4 Aug 2020 | Textron US$500m senior notes (1 tranche) | Bond | US$500m |
| 12 Aug 2020 | Booz Allen Hamilton US$700m 3.875% senior notes due 2028 | Bond | US$700m |
| 19 Aug 2020 | Curtiss-Wright US$300m senior notes private placement (2030 and 2032) | Bond | US$300m |
| 9 Sep 2020 | BAE Systems US$2bn notes (1.900% 2031 and 3.000% 2050) | Bond | US$2bn |
| 1 Jul 2020 | Leonardo €500m 2.375% Eurobond due 2026 | Bond | €500m |
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 |
| 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 Form 8-K: pricing of US$700m first lien notes sec.gov · 6 Aug 2020
- Triumph Group Form 8-K: completion of the first lien notes offering sec.gov · 18 Aug 2020
About this record
Record DEF-2020-0025, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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.
