TransDigm launches $1.81 billion term loan G at Libor plus 250 bps

By Sara Rosenberg

New York, Feb. 7 – TransDigm Inc. was scheduled to hold a lender call at 11:30 a.m. ET on Wednesday to launch a $1.81 billion first-lien term loan G (Ba2/B+) due August 2024 that is talked at Libor plus 250 basis points with a 0% Libor floor and a par issue price, according to a market source.

The term loan has 101 soft call protection for six months, the source said.

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

Commitments are due at 11 a.m. ET on Monday, the source added.

Proceeds will be used to reprice an existing term loan G down from Libor plus 300 bps with a 0.75% Libor floor.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.