|Bid||581.00 x 900|
|Ask||650.00 x 1300|
|Day's Range||584.50 - 605.56|
|52 Week Range||200.06 - 673.51|
|Beta (5Y Monthly)||1.62|
|PE Ratio (TTM)||65.22|
|Earnings Date||Feb 02, 2021 - Feb 08, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Dec 27, 2019|
|1y Target Est||646.80|
TransDigm's (TDG) arm prices its senior subordinated notes with $1,200 million aggregate principal at 4.625% due 2029. The funds to be generated will be utilized in redeeming the notes carrying 6.50% interest.
TransDigm Group Incorporated ("TransDigm Group") (NYSE: TDG) announced today that its wholly-owned subsidiary, TransDigm Inc., priced its private offering of $1,200 million aggregate principal amount of 4.625% Senior Subordinated Notes due 2029 (the "Notes"). The Notes will be issued at a price of 100.000% of their principal amount. The Notes will be guaranteed, with certain exceptions, by TransDigm Group, TransDigm UK Holdings plc and all of TransDigm Inc.'s existing and future U.S. subsidiaries on a senior subordinated basis. The offering is expected to close on January 20, 2021, subject to customary closing conditions.
Moody's Investors Service ("Moody's") assigned B3 ratings to TransDigm Inc.'s new senior subordinated notes. All other ratings, including the B1 Corporate Family Rating (CFR) and the B1-PD Probability of Default Rating, are unchanged. Ratings on the existing notes due 2024 will be withdrawn upon close.