TransDigm Group Enters Material Definitive Agreement

TL;DR

TDG just signed a big deal, watch their debt.

AI Summary

On June 4, 2024, TransDigm Group Incorporated entered into a Material Definitive Agreement related to a financial obligation. The filing details the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant.

Why It Matters

This filing indicates a significant financial commitment or arrangement by TransDigm Group, which could impact its financial structure and future obligations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements can introduce new financial obligations or risks that may affect the company's financial health.

Key Players & Entities

• TransDigm Group Incorporated (company) — Registrant
• June 4, 2024 (date) — Date of Report

FAQ

From the Filing

0001193125-24-154269.txt : 20240604 0001193125-24-154269.hdr.sgml : 20240604 20240604161600 ACCESSION NUMBER: 0001193125-24-154269 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240604 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: 20240604 DATE AS OF CHANGE: 20240604 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: 241018252 BUSINESS ADDRESS: STREET 1: 1350 EUCLID AVENUE STREET 2: SUITE 1600 CITY: CLEVELAND STATE: OH ZIP: 44115 BUSINESS PHONE: 216 706 2960 MAIL ADDRESS: STREET 1: 1350 EUCLID AVENUE STREET 2: SUITE 1600 CITY: CLEVELAND STATE: OH ZIP: 44115 FORMER COMPANY: FORMER CONFORMED NAME: TD HOLDING CORP DATE OF NAME CHANGE: 20030818 8-K 1 d833756d8k.htm 8-K 8-K TransDigm Group INC false 0001260221 0001260221 2024-06-04 2024-06-04     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): June 4, 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.)   1350 Euclid Avenue , Suite 1600 , Cleveland , Ohio   44115 (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 June 4, 2024, TransDigm Inc. (“TransDigm”), a wholly-owned subsidiary of TransDigm Group Incorporated (“TD Group”), completed an amendment to the Credit Agreement (as defined below), that, among other things, (i) reprices the margin on $997&