TransDigm Group Secures New Credit Facility

TL;DR

TransDigm just locked in a new credit facility, potentially signaling financial flexibility.

AI Summary

On March 22, 2024, TransDigm Group Incorporated entered into a Material Definitive Agreement related to a new credit facility. This agreement involves a direct financial obligation for the registrant.

Why It Matters

This filing indicates TransDigm Group has secured new financing, which could impact its ability to fund operations, acquisitions, or debt repayment.

Risk Assessment

Risk Level: low — The filing reports on a standard financing agreement, which is a routine corporate action.

Key Players & Entities

• TransDigm Group Incorporated (company) — Registrant
• March 22, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.01 — ge on which registered: Common Stock, $0.01 par value TDG New York Stock Exchan
• $6.2 billion — ow), primarily to reprice the margin on $6.2 billion of existing term loans H and I from Ter
• $1.7 billion — SOFR plus 2.75%, extend the maturity on $1.7 billion term loan H to March 2030 and to make c
• $550 million — sly announced offering of an additional $550 million in aggregate principal amount of TransD
• $2,200 million — Notes are an additional issuance of the $2,200 million aggregate principal amount of TransDigm
• $200 million — aggregate principal amount of at least $200 million. The Secured Notes and the related guar

Filing Documents

• d828207d8k.htm (8-K) — 39KB
• d828207dex43.htm (EX-4.3) — 56KB
• d828207dex101.htm (EX-10.1) — 1747KB
• 0001193125-24-075251.txt ( ) — 2317KB
• tdg-20240322.xsd (EX-101.SCH) — 3KB
• tdg-20240322_def.xml (EX-101.DEF) — 13KB
• tdg-20240322_lab.xml (EX-101.LAB) — 21KB
• tdg-20240322_pre.xml (EX-101.PRE) — 14KB
• d828207d8k_htm.xml (XML) — 5KB

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 4.1 Indenture, dated as of February 27, 2024, among TransDigm Inc., as issuer, TransDigm Group Incorporated, as a guarantor, the subsidiary guarantors party thereto, The Bank of New York Mellon Trust Company, N.A., as trustee and US collateral agent, and The Bank of New York Mellon, as UK collateral agent, relating to TransDigm Inc.'s 6.375% Senior Secured Notes due 2029 (incorporated by reference to TransDigm Group Incorporated's Form 8-K, filed February 28, 2024 (File No. 001-32833)). 4.2 Form of 6.375% Senior Secured Notes due 2029 (included in Exhibit 4.1). 4.3 First Supplemental Indenture, dated as of March 22, 2024, among TransDigm Inc., as issuer, TransDigm Group Incorporated, as a guarantor, the subsidiary guarantors party thereto, The Bank of New York Mellon Trust Company, N.A., as trustee and US collateral agent, and The Bank of New York Mellon, as UK collateral agent, relating to TransDigm Inc.'s 6.375% Senior Secured Notes due 2029. 10.1* Amendment No. 15, Loan Modification Agreement and Refinancing Facility Agreement and Amendment to the Guarantee and Collateral Agreement, dated as of March 22, 2024, to the Second Amended and Restated Credit Agreement, dated June 4, 2014, among TransDigm Inc., TransDigm Group Incorporated, each subsidiary of TransDigm Inc. party thereto, the lenders party thereto, and Goldman Sachs Bank USA, as administrative agent and collateral agent for the lenders. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). * Certain exhibits have been omitted pursuant to Instruction 4 to Item 1.01 of Form 8-K. TD Group hereby undertakes to furnish on a supplemental basis a copy of any omitted exhibit upon request by the Securities and Exchange Commission. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the

View Full Filing

View this 8-K filing on SEC EDGAR