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TransDigm Group Inc. (TDG) Prices Private Note Offering

TransDigm Group Inc. announced the pricing of its $425 million Senior Subordinated Notes issue. The issue is a private offering that will close on October 6, 2009.

TransDigm Group will use the proceeds of the offering to pay a special dividend to holders of its common stock. The amount of the special dividend will be in a range of $7.50-7.70. The bonds are exempt from registration under Rule 144A of the Securities Act of 1933.

The company reported earnings of $0.82 in its fiscal third quarter that ended 6/27/2009. This was up 14% from the same quarter last year. Revenues were $189.9 million, up 2.1% year over year.

TransDigm Group manufactures components for sale to the aerospace industry, both civilian and military. Products include ignition systems, pumps, valves, motors, batteries and cockpit security systems.

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