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TransDigm prices $3.0B 2035 secured notes

TransDigm prices a $3.0 billion 6.75% senior secured note due 2035 to refinance 2028 notes and for general corporate purposes.

(High)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

TransDigm Group INC (TDG) reports that its wholly owned subsidiary TransDigm Inc. has priced a private offering of $3,000 million aggregate principal amount of 6.75% Senior Secured Notes due 2035, increased from an initially announced $2,500 million. The notes will be issued at 100.00% of principal and guaranteed by TransDigm Group and certain subsidiaries.

The offering is expected to close on September 28, 2026, subject to customary closing conditions. TransDigm Group intends to use the net proceeds to repurchase all of TransDigm Inc.’s outstanding 6.75% Senior Secured Notes due 2028 through a concurrent tender offer launched on September 14, 2026, and for general corporate purposes.

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Filing Explained

The filing describes conditional debt financing, not common-stock issuance; if completed, it would not itself dilute existing holders while closing remains pending.

This is conditional debt financing, not a common-share issuance: the priced senior secured notes are intended mainly to fund repurchase of older debt, so the offering itself would not add common shares; closing is expected on September 28, 2026, subject to conditions.

The notes are being offered in a private placement to qualified institutional buyers and certain non-U.S. investors, without Securities Act registration; resale therefore requires registration or an applicable exemption.

Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
New notes aggregate principal amount $3,000 million 6.75% Senior Secured Notes due 2035 priced by TransDigm Inc.
Original announced notes amount $2,500 million Initial size of the 6.75% Senior Secured Notes offering before increase
Coupon rate on new notes 6.75% Interest rate on Senior Secured Notes due 2035
Issue price 100.00% of principal Pricing level for the 6.75% Senior Secured Notes due 2035
Expected closing date September 28, 2026 Planned closing of the 6.75% Senior Secured Notes due 2035 offering
Existing notes targeted 6.75% Senior Secured Notes due 2028 To be repurchased using proceeds from the new 2035 notes
Senior Secured Notes financial
"offering of $3,000 million aggregate principal amount of 6.75% Senior Secured Notes due 2035"
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.
Rule 144A regulatory
"private placement under Rule 144A and Regulation S of the Securities Act"
Rule 144A is a regulation that makes it easier for companies to sell private bonds to large investors without going through all the usual rules that apply to public sales. It matters because it helps companies raise money more quickly and privately, often attracting big investors looking for special deals.
Regulation S regulatory
"in reliance on the exemption from registration set forth in Regulation S under the Securities Act"
Regulation S is a set of rules that allows companies to sell securities (like shares or bonds) to investors outside the United States without having to follow all U.S. securities laws. It matters because it makes it easier for companies to raise money from international investors while still complying with U.S. regulations.
tender offer financial
"pursuant to a concurrent tender offer that launched on September 14, 2026"
A tender offer is a proposal made by a person or company to buy shares from existing shareholders at a set price, usually higher than the current market value, within a specific time frame. It matters to investors because it can lead to a change in ownership or control of a company, and shareholders must decide whether to sell their shares at the offered price.
forward-looking statements regulatory
"Statements in this on that are not historical facts are forward-looking statements"
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.
Offering Type other
Price Range Issued at 100.00% of principal amount
Use of Proceeds To repurchase all outstanding 6.75% Senior Secured Notes due 2028 pursuant to a concurrent tender offer and for general corporate purposes

FAQ

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

What type and size of notes offering did TDG announce?

TransDigm Inc., a subsidiary of TDG, priced a private offering of $3,000 million aggregate principal amount of 6.75% Senior Secured Notes due 2035, issued at 100.00% of their principal amount.

How will TransDigm Group (TDG) use the proceeds from the $3.0 billion notes?

TransDigm Group intends to use the net proceeds to repurchase all outstanding 6.75% Senior Secured Notes due 2028 via a concurrent tender offer and for general corporate purposes.

When is the closing of TransDigm’s new notes offering expected?

The offering of TransDigm Inc.’s 6.75% Senior Secured Notes due 2035 is expected to close on September 28, 2026, subject to customary closing conditions.

Who guarantees the new 2035 Senior Secured Notes issued by TransDigm Inc.?

The 6.75% Senior Secured Notes due 2035 will be guaranteed by TransDigm Group INC and certain of TransDigm Inc.’s direct and indirect subsidiaries.

How are TDG’s new notes being offered and who can buy them?

The notes and guarantees are being offered in a private placement to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S. They are not registered under the Securities Act and cannot be sold in the U.S. without an applicable exemption.

What concurrent action is TransDigm taking regarding its 2028 secured notes?

TransDigm launched a tender offer on September 14, 2026 to repurchase all of TransDigm Inc.’s outstanding 6.75% Senior Secured Notes due 2028, funded with net proceeds from the new 2035 notes and general corporate purposes.

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

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Learn about SEC filing dates
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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.
Pricing of $3,000 Million Senior Secured Notes Offering
On September 14, 2026, TransDigm Group Incorporated (“TransDigm Group”) announced that its wholly-owned subsidiary, TransDigm Inc. (the “Issuer”) priced the previously announced offering of $3,000 million aggregate principal amount of 6.75% Senior Secured Notes due 2035 (the “Notes”), which was increased from the previously announced initial $2,500 million, pursuant to a confidential offering memorandum in a private placement under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the “Securities Act”). The Notes will be guaranteed by TransDigm Group and certain of the Issuer’s direct and indirect subsidiaries. The Notes will be issued at 100.00% of their principal amount. The offering of the Notes is expected to close on September 28, 2026, subject to customary closing conditions.
TransDigm Group intends to use the net proceeds of the offering of the Notes to repurchase all of the Issuer’s outstanding 6.75% Senior Secured Notes due 2028 (the “2028 Secured Notes”) pursuant to a concurrent tender offer that launched on September 14, 2026, as previously announced, and for general corporate purposes.
The Notes and related guarantees are being offered only to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration set forth in Rule 144A under the Securities Act of 1933 (the “Securities Act”), and outside the United States to non-U.S. persons in reliance on the exemption from registration set forth in Regulation S under the Securities Act. The Notes and the related guarantees have not been (and will not be) registered under the Securities Act, or the securities laws of any state or other jurisdiction, and may not be offered or sold in the United States without registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act, applicable state securities or blue sky laws and foreign securities laws.
* * * * *
This Current Report on Form 8-K shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sales of securities mentioned in this Current Report on Form 8-K in any state or foreign jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or foreign 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.
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 Private Securities Litigation Reform Act of 1995. 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 concurrent tender offer for the 2028 Secured Notes; 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; 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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