TRIUMPH GROUP INC NEW
SymbolTGI

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.

The remainder is available to Stockwatch subscribers.
If you would like to give the Stockwatch system a try, click here for a free 30 day trial subscription.