STOCK TITAN

TransDigm starts cash tender for 6.75% 2028 notes

TransDigm is offering a small premium to retire any and all of its 6.75% Senior Secured Notes due 2028, with higher consideration for early tenders.

(High)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

TransDigm Group Incorporated (TDG) announced that its wholly owned subsidiary, TransDigm Inc., has commenced a cash tender offer for any and all of its outstanding 6.75% Senior Secured Notes due 2028. The offer is made under an Offer to Purchase dated September 14, 2026 and is subject to conditions, including a stated Refinancing Condition.

The offer expires at 5:00 p.m. EDT on October 13, 2026, with an Early Tender Deadline of 5:00 p.m. EDT on September 25, 2026. Holders who tender by the Early Tender Deadline receive $1,008 per $1,000 principal (Total Consideration), including an Early Tender Premium of $30. Those who tender after that date receive $978 per $1,000 (Tender Offer Consideration). All tendering holders also receive accrued and unpaid interest to, but excluding, the applicable payment date.

Positive

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Negative

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Filing Explained

The tender offer remains conditional and uncompleted; any debt repayment and cash payment depend on tendered notes being accepted.

TransDigm Inc. has commenced the tender offer, but the filing reports no tender settlement or completion. Any repayment of the 6.75% senior secured notes therefore remains conditional on holders tendering notes and the offer’s conditions, including refinancing, being satisfied or waived.

Notes tendered before the September 25, 2026 early deadline may be withdrawn before that deadline; notes tendered on or after it generally cannot be withdrawn. This makes the early deadline a change in holder election mechanics, not evidence that the offer has closed.

The filing states consideration per $1,000 principal amount but does not state the aggregate principal amount tendered or accepted. The total cash requirement cannot therefore be sized from this filing.

Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Coupon rate 6.75% Interest rate on Senior Secured Notes due 2028 subject to the tender offer
Total Consideration $1,008 per $1,000 principal Amount payable per $1,000 of notes validly tendered by the Early Tender Deadline
Tender Offer Consideration $978 per $1,000 principal Amount payable per $1,000 of notes tendered after the Early Tender Deadline
Early Tender Premium $30 per $1,000 principal Additional amount included in Total Consideration for notes tendered by the Early Tender Deadline
Early Tender Deadline 5:00 p.m. EDT on September 25, 2026 Cutoff time to receive Total Consideration including Early Tender Premium
Offer Expiration Time 5:00 p.m. EDT on October 13, 2026 Scheduled expiration of the cash tender offer unless extended
Notes maturity 2028 Year of maturity for the 6.75% Senior Secured Notes subject to the offer
cash tender offer financial
"has commenced a cash tender offer for any and all of its"
A cash tender offer is a public proposal in which an individual or group offers to buy a set number of a company's shares directly from shareholders for a specified cash price during a limited time. It matters to investors because it gives a clear, immediate chance to sell shares at a known price — like a store offering to buy back items at a posted rate — and can affect the stock’s market price, ownership control and liquidity.
Senior Secured Notes financial
"any and all of its outstanding 6.75% Senior Secured Notes due 2028"
Senior secured notes are loans a company sells to investors that are backed by specific assets and given first priority for repayment if the company defaults. Because they have a claim on collateral and are paid before other debts, they usually offer lower risk and correspondingly lower interest than unsecured debt; investors use them to judge how safe repayment and recovery of principal might be, like holding a mortgage instead of an unsecured credit card balance.
Early Tender Premium financial
"The “Early Tender Premium” is an amount equal to $30.00 per $1,000"
An early tender premium is a small extra payment offered to investors who agree to sell or exchange their securities promptly during a tender offer, acting like a bonus for those who sign up before the deadline. It matters to investors because it changes the effective payout and timing of a deal — taking the premium can boost near‑term cash received but may also lock you into a transaction sooner than you’d otherwise choose, so it affects return and strategy.
Refinancing Condition financial
"including the satisfaction of the Refinancing Condition (as defined"
forward-looking statements regulatory
"are forward-looking statements within the meaning of the federal"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did TransDigm Group (TDG) announce regarding its 6.75% Senior Secured Notes due 2028?

TransDigm Group announced a cash tender offer by its subsidiary TransDigm Inc. for any and all outstanding 6.75% Senior Secured Notes due 2028, on the terms set out in an Offer to Purchase dated September 14, 2026.

What consideration will TDG noteholders receive if they tender by the Early Tender Deadline?

Holders who validly tender by the 5:00 p.m. EDT September 25, 2026 Early Tender Deadline receive Total Consideration of $1,008 per $1,000 principal, which includes an Early Tender Premium of $30 per $1,000, plus accrued and unpaid interest to the applicable payment date.

What do TransDigm (TDG) noteholders receive if they tender after the Early Tender Deadline?

Holders who validly tender after the Early Tender Deadline but before expiration receive Tender Offer Consideration of $978 per $1,000 principal, plus accrued and unpaid interest to, but excluding, the applicable payment date. They do not receive the $30 Early Tender Premium.

When does the TransDigm (TDG) tender offer for the 2028 notes expire?

The cash tender offer for TransDigm Inc.’s 6.75% Senior Secured Notes due 2028 is scheduled to expire at 5:00 p.m. EDT on October 13, 2026, unless extended at TransDigm Group’s sole discretion.

Can TDG noteholders withdraw their tendered 2028 notes, and until when?

Notes tendered may be validly withdrawn at any time before the 5:00 p.m. EDT September 25, 2026 Early Tender Deadline, but not after, unless TransDigm Group is otherwise required by applicable law to permit withdrawal.

Are there conditions to TransDigm’s (TDG) tender offer for the 2028 notes?

Yes. The offer is subject to the satisfaction or waiver of conditions described in the Offer to Purchase, including satisfaction of a Refinancing Condition, as well as other customary conditions.

Who is managing TransDigm’s (TDG) tender offer for the 6.75% 2028 notes?

TransDigm Group has engaged Morgan Stanley & Co. LLC as Sole Dealer Manager for the tender offer, and D.F. King & Co., Inc. as Tender and Information Agent and Depositary, with their contact details provided for questions and document requests.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
0001260221false00012602212026-09-142026-09-14


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 14, 2026
TransDigm Group Incorporated
(Exact name of registrant as specified in its charter)
Delaware001-3283341-2101738
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
1350 Euclid Avenue,Suite 1600,Cleveland,Ohio44115
(Address of principal executive offices)(Zip Code)
(216) 706-2960
(Registrant’s telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class:Trading Symbol:Name of each exchange on which registered:
Common Stock, $0.01 par valueTDGNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging Growth Company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.




Item 7.01.Regulation FD Disclosure.
Cash Tender Offer for Any and All 6.75% Senior Secured Notes due 2028 of TransDigm Inc.
On September 14, 2026, TransDigm Group Incorporated (“TransDigm Group”), announced that its wholly-owned subsidiary, TransDigm Inc. has commenced a cash tender offer (the “Offer”) for any and all of its outstanding 6.75% Senior Secured Notes due 2028 (the “Notes”). The Offer is being made on the terms and subject to the conditions set forth in the Offer to Purchase dated September 14, 2026 (the “Offer to Purchase”).
The Offer will expire at 5:00 P.M., EDT, on October 13, 2026, unless extended at TransDigm Group’s sole discretion (the “Expiration Time”). Holders of Notes (the “Holders”) must tender their Notes on or before 5:00 P.M., EDT, on September 25, 2026, unless extended (the “Early Tender Deadline”), in order to receive the Total Consideration (as defined below). Holders of Notes who tender their Notes after the Early Tender Deadline will only receive the Tender Offer Consideration (as defined below).
For each $1,000 principal amount of Notes validly tendered, and not validly withdrawn, the “Total Consideration” is an amount equal to $1,008.00 and the “Tender Offer Consideration” is an amount equal to $978.00. The Tender Offer Consideration is the Total Consideration minus the Early Tender Premium. The “Early Tender Premium” is an amount equal to $30.00 per $1,000 principal amount of Notes and will be payable only with respect to each Note that is validly tendered and not revoked on or before the Early Tender Deadline. The Holders who validly tender, and do not validly withdraw, their Notes will also receive accrued and unpaid interest from the most recent interest payment date for the Notes to, but excluding, the applicable payment date.
The Offer is subject to the satisfaction or waiver of certain conditions as described in the Offer to Purchase, including the satisfaction of the Refinancing Condition (as defined in the Offer to Purchase).
Notes tendered pursuant to the tender offer may be validly withdrawn at any time prior to the Early Tender Deadline, but not after the Early Tender Deadline, and Notes tendered on or after the Early Tender Deadline may not be withdrawn, unless, in either case, TransDigm Group is otherwise required by applicable law to permit the withdrawal.
The CUSIP numbers for the Notes are as follows: Rule 144A CUSIP No. 893647 BR7 / ISIN US893647BR70; Permanent Regulation S CUSIP No. U8936P AX1 / ISIN USU8936PAX16; and Temporary Regulation S CUSIP No. U8936P AY9. No representation is made as to the correctness or accuracy of the CUSIP numbers listed in this Current Report on Form 8-K or printed on the Notes.
TransDigm Group has engaged Morgan Stanley & Co. LLC as the Sole Dealer Manager for the tender offer. Persons with questions regarding the tender offer should contact Morgan Stanley & Co. LLC at (800) 624-1808 (toll-free) or (212) 761-1057 or by email at LMNY@morganstanley.com. Requests for documents should be directed to D.F. King & Co., Inc., the Tender and Information Agent and Depositary for the tender offer, by phone at (646) 582-2898 (banks and brokers) or (866) 796-1290 (all others) or by email at TDG@dfking.com.
This Current Report on Form 8-K is for information purposes only and is not an offer to purchase or a solicitation of acceptance of the offer to purchase with respect to any of the Notes. The Offer is being made pursuant to the tender offer documents, including the Offer to Purchase, which TransDigm Group is distributing to holders of Notes. The Offer is not being made to holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction.
* * * * *
The information in this Current Report on Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in filings under the Securities Act of 1933.








Forward-Looking Statements
Statements in this Current Report on Form 8-K that are not historical facts are forward-looking statements within the meaning of the federal securities laws. Words such as “believe,” “may,” “will,” “should,” “expect,” “intend,” “plan,” “predict,” “anticipate,” “estimate,” or “continue” and other words and terms of similar meaning may identify forward-looking statements.
All forward-looking statements involve risks and uncertainties that could cause TransDigm Group’s actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, TransDigm Group. These risks and uncertainties include but are not limited to: TransDigm Group’s ability to successfully complete the offering of the Notes and the Tender Offer; the sensitivity of our business to the number of flight hours that our customers’ planes spend aloft and our customers’ profitability, both of which are affected by general economic conditions; supply chain constraints; increases in raw material costs, taxes and labor costs that cannot be recovered in product pricing; failure to complete or successfully integrate acquisitions; our indebtedness; current and future geopolitical or other worldwide events, including, without limitation, wars or conflicts and public health crises; cybersecurity threats; risks related to the transition or physical impacts of climate change and other natural disasters or meeting regulatory requirements; our reliance on certain customers; the United States (“U.S.”) defense budget and risks associated with being a government supplier including government audits and investigations; failure to maintain government or industry approvals; risks related to changes in laws and regulations, including increases in compliance costs and potential changes in trade policies and tariffs; potential environmental liabilities; liabilities arising in connection with litigation; risks and costs associated with our international sales and operations; the satisfaction of the Refinancing Condition; the completion of the tender offer; and other factors. Further information regarding the important factors that could cause actual results to differ materially from projected results can be found in TransDigm Group's Annual Report on Form 10-K and other reports that TransDigm Group or its subsidiaries have filed with the Securities and Exchange Commission. Except as required by law, TransDigm Group undertakes no obligation to revise or update the forward-looking statements contained in this Current Report on Form 8-K.




SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
TRANSDIGM GROUP INCORPORATED
By:
/s/ Sarah Wynne
Name:Sarah Wynne
Title:Chief Financial Officer
(Principal Financial Officer)

Dated: September 14, 2026



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