TransDigm To Pay Investors With $425M Notes Sale

Law360, New York (September 30, 2009, 2:19 PM EDT) -- Aerospace parts supplier TransDigm Group Inc. will offer $425 million in five-year senior secured notes through a wholly owned subsidiary and will spend the offering's proceeds on a dividend for investors.

TransDigm, which designs, manufactures and supplies components for commercial and military aircraft, will offer shareholders a dividend of between $7.50 and $7.70 per share after the offering has closed, the company said Wednesday.

The company did not indicate a commencement date for the offering when it filed its announcement with the U.S. Securities and Exchange...
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