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April 25, 2015 5:24 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 3000

Cleveland, OH 44114

United States

Founded in 1993

Phone:

216-706-2960

Key Executives for TransDigm Inc.

Founder, Chairman, Chief Executive Officer, Chairman of Executive Committee, Chairman of Transdigm Holdings and Chief Executive Officer of Transdigm Holdings
Age: 62
Chief Financial Officer, Principal Accounting Officer, Executive Vice President, Treasurer and Secretary
Age: 58
President of AeroControlex Group Inc
Age: 55
Chief Operating Officer of Airframe
Age: 58
Executive Vice President
Age: 67
Compensation as of Fiscal Year 2014.

TransDigm Inc. Key Developments

Transdigm Inc. Wins $1.14 Million Federal Contract

Transdigm Inc. won a $1,135,824 federal contract from the U.S. Naval Supply Systems Command, Philadelphia, for the repair of rotary pump units and similar replacement parts.

TransDigm Inc Announces Completion of Incremental Term Loan and Notes Offering and the Purchase of Portion of 7.75% Senior Subordinated Notes Due 2018; Announces Special Cash Dividend, Payable on June 26, 2014

TransDigm Inc. received the funding of an additional incremental term loan of $825 million at a current interest rate of approximately 3.8% and that it has successfully completed its previously announced private offering of $2.350 billion aggregate principal amount of senior subordinated notes, consisting of $1.150 billion aggregate principal amount of 6.0% Senior Subordinated Notes due 2022 and $1.200 billion aggregate principal amount of 6.5% Senior Subordinated Notes due 2024. The company also announced it has accepted for purchase approximately $1.209 billion aggregate principal amount of its 7.75% Senior Subordinated Notes due 2018 representing all that were validly tendered and not validly withdrawn on May 22, 2014 pursuant to the company's previously announced cash offers to purchase and consent solicitations for any and all of its outstanding 2018 Notes. The Company used approximately $1.35 billion of the net proceeds from the Offering to fund the purchase of the 2018 Notes and the related consent payments. The company expects to use a portion of the remaining net proceeds of the Offering to fund the purchase price of any additional 2018 Notes that are validly tendered pursuant to the Tender Offer and to redeem any and all of the 2018 Notes that remain outstanding following the consummation of the Tender Offer. On June 4, 2014, the company issued a notice of redemption with respect to any and all of its 2018 Notes that remain outstanding following the expiration of the Tender Offer. The company also announced that its board of directors has authorized and declared a special cash dividend of $25.00 on each outstanding share of common stock and cash dividend equivalent payments under certain of its stock option plans. The record date for the special dividend is June 16, 2014, and the payment date for the dividend is June 26, 2014.

TransDigm Reports Tender Offer and Consent Solicitation for Any and All of its Senior Subordinated Notes Due 2018

TransDigm Inc. has commenced a cash tender offer for any and all of its outstanding $1,600 million aggregate principal amount of 7.75% Senior Subordinated Notes due 2018 (CUSIP No. 893647 AP2) (Notes). The company noted that it also announced a concurrent consent solicitation for proposed amendments to the indenture, dated as of December 14, 2010, among the company, the guarantors party thereto and The Bank of New York Mellon Trust Company, N.A., as trustee, under which the Notes were issued. The tender offer and the consent solicitation are being made on the terms and subject to the conditions set in the Offer to Purchase and Consent Solicitation Statement dated May 9, and the related Letter of Transmittal and Consent. Holders that tender their Notes pursuant to the tender offer will be deemed to have consented to the proposed amendments to the Indenture.

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