Transdigm Group (TDG) has provided an announcement.
TransDigm Group Incorporated plans to raise $3.0 billion in new secured debt through its subsidiary, with an equal split between senior secured notes and term loans. This move is set to finance a substantial special dividend payout to common stockholders and cover option-related cash payments and transaction costs. The offerings are targeted at qualified institutional buyers and international investors, avoiding the need for public registration under U.S. securities laws. However, the company notes that the completion of the debt offering and the associated credit agreement amendment are subject to market conditions, without any guarantee of their finalization.
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