TransDigm Group Enters New Financial Obligation

TL;DR

**TransDigm just took on new debt or a major contract, so keep an eye on their financials!**

AI Summary

TransDigm Group Incorporated entered into a material definitive agreement and created a direct financial obligation on February 27, 2024. The company, based in Cleveland, Ohio, with IRS Employer Identification No. 41-2101738, filed this 8-K to report these events. This filing indicates new financial commitments for the aircraft parts manufacturer.

Why It Matters

This filing signals new financial commitments for TransDigm, which could impact its balance sheet and future operational flexibility.

Risk Assessment

Risk Level: medium — The entry into a material definitive agreement and creation of a direct financial obligation could introduce new risks or opportunities depending on the nature and terms of the agreement.

Key Players & Entities

• TransDigm Group Incorporated (company) — registrant
• February 27, 2024 (date) — date of earliest event reported
• Cleveland, Ohio (location) — principal executive office
• 41-2101738 (number) — IRS Employer Identification No.

FAQ

From the Filing

0001193125-24-050713.txt : 20240228 0001193125-24-050713.hdr.sgml : 20240228 20240228161608 ACCESSION NUMBER: 0001193125-24-050713 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20240227 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240228 DATE AS OF CHANGE: 20240228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TransDigm Group INC CENTRAL INDEX KEY: 0001260221 STANDARD INDUSTRIAL CLASSIFICATION: AIRCRAFT PART & AUXILIARY EQUIPMENT, NEC [3728] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 510484716 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32833 FILM NUMBER: 24695600 BUSINESS ADDRESS: STREET 1: 1301 EAST 9TH STREET STREET 2: SUITE 3000 CITY: CLEVELAND STATE: OH ZIP: 44114 BUSINESS PHONE: 216 706 2960 MAIL ADDRESS: STREET 1: 1301 EAST 9TH STREET STREET 2: SUITE 3000 CITY: CLEVELAND STATE: OH ZIP: 44114 FORMER COMPANY: FORMER CONFORMED NAME: TD HOLDING CORP DATE OF NAME CHANGE: 20030818 8-K 1 d775821d8k.htm 8-K 8-K TransDigm Group INC false 0001260221 0001260221 2024-02-27 2024-02-27     UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 27, 2024     TransDigm Group Incorporated (Exact name of registrant as specified in its charter)       Delaware   001-32833   41-2101738 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   1301 East 9th Street , Suite 3000 , Cleveland , Ohio   44114 (Address of principal executive offices)   (Zip Code) (216) 706-2960 (Registrant’s telephone number, including area code) Not Applicable (Former name or former address, if changed since last report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class:   Trading Symbol:   Name of each exchange on which registered: Common Stock, $0.01 par value   TDG   New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging Growth Company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 1.01. Entry into a Material Definitive Agreement. Completed Refinancing Summary On February 27, 2024, TransDigm Inc. (“TransDigm”), a wholly-owned subsidiary of TransDigm Group Incorporated (“TD Group”), completed the previously announced offering of its two new series of senior secured notes for a total of $4,400 million, consisting of $2,200 million in