October 25, 2014 9:22 PM ET

Aerospace and Defense

Company Overview of TransDigm Inc.

Company Overview

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

1301 East 9th Street

Suite 3000

Cleveland, OH 44114

United States

Founded in 1993

Phone:

216-706-2960

Key Executives for TransDigm Inc.

Founder
Age: 62
President
Age: 53
Chief Financial Officer
Age: 58
President of AeroControlex Group Inc
Age: 55
Executive Vice President
Age: 58
Compensation as of Fiscal Year 2014.

TransDigm Inc. Key Developments

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amount of its 7.75% Senior Subordinated Notes due 2018 representing all that were validly tendered and not validly withdrawn on May 22, 2014 pursuant to the company's previously announced cash offers to purchase and consent solicitations for any and all of its outstanding 2018 Notes.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.

TransDigm Inc. Announces Private Offering of $2.350 Billion Senior Subordinated Notes

TransDigm Group Incorporated announced that its wholly-owned subsidiary, TransDigm Inc. is planning, subject to market and other conditions, to offer $2.350 billion aggregate principal amount of senior subordinated notes, consisting of senior subordinated notes due 2022 and senior subordinated notes due 2024 in a private offering that is exempt from the registration requirements of the Securities Act of 1933. The offering of the Notes is conditioned on the Company repurchasing in its previously announced tender offer, or the delivery of an irrevocable notice of redemption with respect to all of its outstanding 7.75% Senior Subordinated Notes due 2018. 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. The company intends to use a portion of the net proceeds from the offering of the Notes, together with the proceeds of an additional tranche of term loans under its senior secured credit facilities and the proceeds of borrowing under its trade receivables securitization facility, (i) to fund a dividend to the holders of its common stock in the range of $900 million to $1.5 billion, (ii) to make cash dividend equivalent payments under the 2006 Stock Incentive Plan Dividend Equivalent Plan, as amended, and the 2003 Stock Option Plan Dividend Equivalent Plan, as amended, (iii) to repurchase any and all of the outstanding 2018 Notes pursuant to the tender offer and notice of redemption described above, (iv) for related transaction fees and expenses and (v) for general corporate purposes. This is not an offer to sell or the solicitation of an offer to buy any securities. The Notes and related guarantees are being offered only to qualified institutional buyers in reliance on the exemption from registration in Rule 144A under the Securities Act, and outside the United States to non-U.S. persons in reliance on the exemption from registration set in Regulation S under the Securities Act. The Notes and the related guarantees have not been registered under the Securities Act, or the securities laws of any state or other jurisdiction, and may not be offered or sold in the United States without registration or an applicable exemption from the Securities Act and applicable state securities or blue sky laws and foreign securities laws.

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