Triumph to purchase 9.000% senior secured notes

Triumph Group has offered to purchase up to $580 million of its outstanding 9.000% senior secured first lien notes due March 14, 2028. The purchase will be made with a portion of the net cash proceeds it will receive from the sale of its product support business. AAR announced in December 2023 it was acquiring Triumph’s product support business for $725 million in cash. The acquisition deal is expected to close in the first quarter of 2024. Under the offer, those who validly tender notes on or before the early tender date of March 4, 2024, and the purchase is