TRANSDIGM RAISES DEBT TO FUND PURCHASE OF MCKECHNIE AEROSPACE

Dino D'Amore
By Dino D'Amore December 1, 2010 14:19

TRANSDIGM RAISES DEBT TO FUND PURCHASE OF MCKECHNIE AEROSPACE

TransDigm Group is raising senior subordinated debt of $780 million due in 2018 to part finance the acquisition of McKechnie Aerospace Holdings. The loan will also be used to repay a portion of debt under an existing credit facility, to inject cash into its balance sheet and pay transaction-related expenses.

Dino D'Amore
By Dino D'Amore December 1, 2010 14:19
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