Triumph Group has announced the offering of $525 million in aggregate principal amount of senior secured notes due 2024. The company intends to use the net proceeds of the offering to redeem its 4.875% senior notes due 2021, repay amounts outstanding under its credit facility and pay fees and expenses. The offering is expected to close on September 23, 2019, subject to customary conditions to closing. The notes will have an interest rate of 6.25% per annum and are being issued at a price equal to 100% of their face value.
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