TransDigm launches $1.8 billion first-lien term loan G to investors

By Sara Rosenberg

New York, Aug. 8 – TransDigm Inc. was scheduled to hold a lender call at 1 p.m. ET on Tuesday to launch a $1.8 billion seven-year first-lien term loan G, according to a market source.

Credit Suisse Securities (USA) LLC is the left lead on the deal.

Price talk on the term loan G is Libor plus 300 basis points with a 0.75% Libor floor and an original issue discount of 99.5, the source said.

The term loan G has 101 soft call protection for six months.

Proceeds will be used to refinance an existing term loan C and fund a shareholder distribution.

With this transaction, the company is offering consenting term loan D, term loan E and term loan F lenders a 12.5 bps amendment fee, the source added.

Commitments are due at 5 p.m. ET on Aug. 15.

TransDigm is a Cleveland-based designer, producer and supplier of highly engineered aircraft components for use on commercial and military aircraft.

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