Triumph Group to redeem 7¾% notes due 2025, 9% notes due 2028

By Mary-Katherine Stinson

Lexington, Ky., Feb. 7 – Triumph Group, Inc. issued conditional notices of redemption for two series of notes on Feb. 6, according to an 8-K filing with the Securities and Exchange Commission.

The company said it would redeem up to all $435,621,000 outstanding 7¾% senior notes due 2025 and $120 million of its 9% senior secured first-lien notes due 2028, conditioned on the completion of the sale of the company’s product support business.

However, before the notes are redeemed Triumph will conduct an asset sale offer for the first-lien notes due 2028.

The company will offer to purchase the notes at par plus accrued interest.

If more than $140 of the first-lien notes are purchased, the amount of notes due 2025 to be redeemed will be reduced on a dollar-for-dollar basis.

If more than $575,621,000 of the first-lien notes are purchased, no notes due 2025 will be redeemed.

Based in Radnor, Pa., Triumph designs, engineers, manufactures, repairs and overhauls aerospace and defense systems, components and structures.

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