Triumph Group Announces Senior Notes Cash Purchase Offer

Triumph Group (TGI) has released an update.

Triumph Group, Inc. is launching a cash purchase offer for up to $580 million of its 9.000% Senior Secured First Lien Notes due 2028, fueled by proceeds from a recent business sale. This enticing opportunity for Note holders offers a premium purchase price if they tender by the early deadline, and includes accrued interest payments. The offer, subject to specific terms and conditions, is time-sensitive with a final expiration in March 2024, potentially adjusted on a pro rata basis if demand exceeds supply.

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