Triumph Group Announces Proposed Senior Notes Offering
BERWYN, Pa. -- May 19, 2014
Triumph Group, Inc. (“Triumph”) (NYSE:TGI) today announced that it intends to
offer $300 million in aggregate principal amount of senior notes due 2022 (the
“Notes”). The company intends to use the net proceeds of the offering,
together with other sources, to redeem the outstanding principal amount of its
8.625% senior Notes due 2018 and pay related fees and expenses.
The Notes will be offered in a private placement to qualified institutional
buyers pursuant to Rule 144A and Regulation S under the Securities Act of
1933, as amended (the “Securities Act”), subject to market and other
conditions. No assurance can be given that the offering will be completed or,
if completed, as to the terms on which it is completed. The Notes to be
offered have not been registered under the Securities Act or state securities
laws and may not be offered or sold in the United States absent registration
or pursuant to an applicable exemption from the registration requirements of
the Securities Act and any applicable state securities laws.
This press release does not constitute an offer to sell or the solicitation of
an offer to buy the Notes, nor shall it constitute an offer, solicitation or
sale in any jurisdiction in which such offer, solicitation or sale is
Triumph Group, Inc., headquartered in Berwyn, Pennsylvania, designs,
engineers, manufactures, repairs and overhauls a broad portfolio of
aerostructures, aircraft components, accessories, subassemblies and systems.
The company serves a broad, worldwide spectrum of the aviation industry,
including original equipment manufacturers of commercial, regional, business
and military aircraft and aircraft components, as well as commercial and
regional airlines and air cargo carriers.
More information about Triumph can be found on the company’s website at
Statements in this release which are not historical facts are forward-looking
statements under the provisions of the Private Securities Litigation Reform
Act of 1995. All forward-looking statements involve risks and uncertainties
which could affect the company’s actual results and could cause its actual
results to differ materially from those expressed in any forward looking
statements made by, or on behalf of, the company. Further information
regarding the important factors that could cause actual results to differ from
projected results can be found in Triumph Group’s reports filed with the SEC,
including our Annual Report on Form 10-K for the fiscal year ended March 31,
Triumph Group, Inc.
Sheila G. Spagnolo, 610-251-1000
Vice President-Tax & Investor Relations
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