Home / Knowledge / News / Textiles / Triumph Group redeems senior notes due 2018 & 2026
Triumph Group redeems senior notes due 2018 & 2026
23
May '14
Triumph Group, Inc. announced that it gave the required notice under the governing indentures to redeem for cash all of its outstanding (i) 8.625% Senior Notes due 2018 (the “2018 Senior Notes”) and (ii) 2.625% Convertible Senior Subordinated Notes due 2026 (the “Convertible Notes”) on June 23, 2014, the redemption date for the 2018 Senior Notes and the Convertible Notes.
 
The redemption price for the 2018 Senior Notes is equal to the sum of 100% of the principal amount of the 2018 Senior Notes outstanding, the applicable premium calculated in accordance with the terms of the 2018 Senior Notes and the related indenture under which the 2018 Senior Notes were issued, and the accrued and unpaid interest on the 2018 Senior Notes up to, but not including, the redemption date of June 23, 2014. The aggregate principal amount of the 2018 Senior Notes outstanding is $350,000,000.
 
The redemption price for the Convertible Notes is equal to the sum of 100% of the principal amount of the Convertible Notes outstanding, plus accrued and unpaid interest on the Convertible Notes up to, but not including, the redemption date of June 23, 2014. The aggregate principal amount of the Convertible Notes outstanding is approximately $10,200,000. The Convertible Notes may be converted at the option of the holder at any time until 5:00 p.m. (New York City time) on June 20, 2014. The Convertible Notes surrendered for conversion will be settled in cash or stock in accordance with the provisions of the indenture governing the Convertible Notes.
 
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

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search