Triumph Group Announces Pricing of $300 Million of 5.25% Senior Notes Due 2022

  Triumph Group Announces Pricing of $300 Million of 5.25% Senior Notes Due

Business Wire

BERWYN, Pa. -- May 19, 2014

Triumph Group, Inc. (“Triumph”) (NYSE:TGI) today announced the pricing of its
previously announced offering of $300 million in aggregate principal amount of
senior notes due 2022 (the “Notes”). The notes will have an interest rate of
5.25% per annum and are being issued at a price equal to 100% of their face
value. The Notes will be issued by Triumph and guaranteed on a full, joint and
several basis by each of Triumph’s domestic restricted subsidiaries that is a
borrower under any of the credit facilities or that guarantees any debt of
Triumph or any of its domestic restricted subsidiaries under any credit
facility, and in the future by any of the company's domestic restricted
subsidiaries that are borrowers under any company credit facility or that
guarantee any debt of Triumph or any of its restricted subsidiaries incurred
under any credit facility. Triumph 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 were 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. The Notes 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
Vice President-Tax & Investor Relations
Press spacebar to pause and continue. Press esc to stop.