BERWYN, Pa. -- (Business Wire)
Triumph Group, Inc. (NYSE:TGI) today announced the pricing of its
senior notes due 2021. The size of the offering was increased to $375
million in aggregate principal amount from the previously announced size
of $350 million. The notes will have an interest rate of 4.875% per
annum and are being issued at a price equal to 100% of their face value.
The notes will be issued by the company and guaranteed on a full, joint
and several basis by each of the company's domestic restricted
subsidiaries that is a borrower under any of the credit facilities or
that guarantees any debt of the company or any of its domestic
restricted subsidiaries under any credit facility. The company intends
to use the net proceeds of the offering to repay indebtedness under its
credit facility and for general corporate purposes.
The notes were offered in a private placement to qualified institutional
buyers pursuant to Rule 144A and Regulation S under the Securities Act
of 1933, as amended (the “Securities Act”), subject to market and other
conditions. The notes have not been registered under the Securities Act
or state securities laws and may not be offered or sold in the United
States absent registration or pursuant to an applicable exemption from
the registration requirements of the Securities Act and any applicable
state securities laws.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy the notes, nor shall it constitute an
offer, solicitation or sale in any jurisdiction in which such offer,
solicitation or sale is unlawful.
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.
More information about Triumph Group can be found on the company’s
website at http://www.triumphgroup.com.
Statements in this release which are not historical facts are
forward-looking statements under the provisions of the Private
Securities Litigation Reform Act of 1995. All forward-looking statements
involve risks and uncertainties which could affect the company’s actual
results and could cause its actual results to differ materially from
those expressed in any forward looking statements made by, or on behalf
of, the company. Further information regarding the important factors
that could cause actual results to differ from projected results can be
found in Triumph Group’s reports filed with the SEC, including our
Annual Report on Form 10-K for the fiscal year ended March 31, 2012.
Triumph Group, Inc.
Sheila G. Spagnolo
Source: Triumph Group, Inc.
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