September 30, 2016 10:09 AM ET

Aerospace and Defense

Company Overview of TransDigm Inc.

Company Overview

TransDigm Inc. designs, produces, and supplies engineered aircraft components for use in commercial and military aircraft worldwide. The company operates in three segments: Power & Control, Airframe, and Non-aviation. The Power & Control segment provides mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, and specialized AC/DC electric motors and generators. The Airframe segment offers engineered latching and locking devices, rods and locking devices, engineered connectors and elastomers, cockpit security components and systems, aircraft audio systems, specialized lavatory components, seatbelt...

1301 East 9th Street

Suite 3710

Cleveland, OH 44114

United States

Founded in 1993

Phone:

216-706-2939

Key Executives for TransDigm Inc.

Founder, Chairman, Chief Executive Officer, Chairman of Transdigm Holdings, Chief Executive Officer of Transdigm Holdings and Chairman of Executive Committee
Age: 64
Chief Financial Officer and Executive Vice President
Age: 48
Senior Executive Vice President
Age: 60
Chief Operating Officer of Airframe
Age: 60
Executive Vice President
Age: 69
Compensation as of Fiscal Year 2016.

TransDigm Inc. Key Developments

Transdigm Inc Completes Additional Term Loan and Notes Offering

TransDigm Group Incorporated announced that TransDigm Inc., received the funding of an additional term loan of $500 million maturing in 2023 at a current rate of 3.75% (the ‘Tranche F Term Loan’), received the commitments of a delayed draw term loan of $450 million, converted $790 million of existing tranche C term loans into Tranche F Term Loans, amended its existing credit agreement to, among other things, permit additional restricted payments (including dividends and share repurchases) in an aggregate amount not to exceed $1,500 million, subject to the satisfaction of certain conditions, and that it has successfully completed the previously announced private offering of $950 million aggregate principal amount of 6.375% senior subordinated notes due 2026. A portion of the proceeds will be used to fund the purchase price of the acquisition of ILC Holdings Inc. and for general corporate purposes, including potential future acquisitions and dividends. The Notes and related guarantees were offered only to qualified institutional buyers in reliance on the exemption from registration set forth in Rule 144A under the Securities Act of 1933, and outside the United States to non-U.S. persons in reliance on the exemption from registration set forth in Regulation S under the Securities Act.

TransDigm Inc. Plans to Offer $950 Million Aggregate Principal Amount of Senior Subordinated Notes Due 2026

TransDigm Group Incorporated announced that its wholly-owned subsidiary, TransDigm Inc. is planning, subject to market and other conditions, to offer $950 million aggregate principal amount of senior subordinated notes due 2026 (the Notes) in a private offering that is exempt from the registration requirements of the Securities Act of 1933 (the Securities Act). It is expected that the Notes will be guaranteed, with certain exceptions, by TransDigm Group and certain of the company’s existing and future domestic subsidiaries on a senior subordinated basis. Additionally, on or before the date of the closing of TransDigm’s acquisition of the stock of ILC Holdings Inc., TransDigm Inc. expects to enter into definitive documentation pursuant to which, among other things, TransDigm Inc. will incur up to $950 million in term loans, of which, up to $450 million may take the form of delayed draw term loans (the Delayed Draw Term Loans), increase the commitments under the U.S. Dollar-denominated tranche of its revolving credit facility by up to $50 million and extend the maturity date of its revolving credit facility to February 28, 2020. Borrowings under the Delayed Draw Term Loans will be conditioned upon, among other things, the closing of the DDC Acquisition. TransDigm Inc. intends to use a portion of the net proceeds from the offering of the Notes and the term loans to fund the purchase price for the DDC Acquisition and for general corporate purposes, including potential future acquisitions or dividends.

TransDigm Seeks Acquisitions

TransDigm Inc. is seeking acquisitions. TransDigm Inc. intends to use a portion of the net proceeds from its recently proposed offering of $950 million 6.375%senior subordinated notes due 2026 and from $950 million in term loans to fund the purchase price for the DDC Acquisition and for general corporate purposes, including potential future acquisitions or dividends.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 24, 2016
ILC Industries, LLC
 

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