This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Triumph Group Announces Proposed Senior Subordinated Notes Offering 2009-11-04 07:30 ET - News Release WAYNE, Pa. -- (Business Wire)
Triumph Group, Inc. (NYSE: TGI) today announced that it intends
to offer up to $175 million in aggregate principal amount of senior
subordinated notes due 2017. The Company intends to use the net proceeds
from the offering for general corporate purposes, which may include debt
reduction, including the repayment of amounts outstanding under its
revolving credit facility at a future date, without any permanent
reduction of the commitments thereunder. The notes will be issued by the
Company and guaranteed on a senior subordinated basis by each of the
Company’s domestic restricted subsidiaries that guarantees any of its
debt or that of its restricted subsidiaries under the Company’s
revolving credit facility, and in the future by any of the Company’s
domestic restricted subsidiaries that guarantees any debt of the Company
or any of its restricted subsidiaries incurred under any credit
agreement.
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