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Triumph Group prices $300mn of 5.25% senior notes due 2022
20
May '14
Triumph Group, Inc. 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.
 
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.
 

Triumph Group


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