Recent Updates — TDG
TransDigm Group announced the pricing of a $3,000 million offering of 6.75% Senior Secured Notes due 2035, increasing from an initial $2,500 million. The notes are issued at par and guaranteed by TransDigm Group and certain subsidiaries. Proceeds will be used to repurchase the company's outstanding 6.75% Senior Secured Notes due 2028 via a concurrent tender offer launched on September 14, 2026, with general corporate purposes for remaining funds. The offering is expected to close on September 28, 2026. TransDigm Group operates in the aerospace and defense industry, designing and manufacturing critical components for commercial and military aircraft.
TransDigm Group announced that its wholly-owned subsidiary, TransDigm Inc., commenced a cash tender offer for all outstanding 6.75% Senior Secured Notes due 2028 on September 14, 2026. The offer expires at 5:00 P.M. EDT on October 13, 2026. Holders tendering by the early deadline of September 25, 2026, receive $1,008.00 per $1,000 principal amount, while those tendering after that date receive $978.00. The offer is subject to a refinancing condition. TransDigm Group operates in the aerospace industry, manufacturing and distributing critical components for commercial and military aircraft.
TransDigm Group announced that its wholly-owned subsidiary, TransDigm Inc., plans to offer $2.5 billion in aggregate principal amount of senior secured notes via a private placement under Rule 144A and Regulation S. The notes will be guaranteed by TransDigm Group and certain subsidiaries. The company intends to use the net proceeds to repurchase all outstanding 6.75% Senior Secured Notes due 2028 through a concurrent tender offer, with remaining funds allocated for general corporate purposes. This transaction represents a significant refinancing event aimed at managing the company's debt structure. TransDigm Group operates in the aerospace and defense industry, designing and manufacturing critical components for commercial and military aircraft.
TransDigm Group reported fiscal third-quarter net sales of $2,741 million, a 23% increase year-over-year, with net income rising 10% to $540 million. Adjusted earnings per share reached $10.87, up 13%, while EBITDA As Defined grew 19% to $1,447 million with a margin of 52.8%. The company announced an upward revision to its full-year fiscal 2026 guidance, increasing net sales expectations by $150 million and adjusted EPS by $1.52 at the midpoint. Additionally, TransDigm disclosed the acquisition of Prince & Izant for approximately $1.07 billion in cash subsequent to the quarter-end. During the period, the company repurchased $1.0 billion of common stock. TransDigm Group is a leading global designer, producer and supplier of highly engineered aircraft components.
TransDigm Group Incorporated entered into a definitive agreement to acquire Prince & Izant, a portfolio company of Industrial Growth Partners, for approximately $1.066 billion in cash, including certain tax benefits. Prince & Izant is a manufacturer of highly engineered brazing alloys and specialty metal components for aerospace, defense, aeroderivative turbine, and transportation markets. The target company is expected to generate approximately $360 million in revenue for the calendar year ending December 31, 2026. The transaction is subject to United States regulatory approvals and customary closing conditions. TransDigm Group is an aerospace component manufacturer and supplier.
TransDigm Group Incorporated appointed Irina Krasik to its Board of Directors, effective July 22, 2026. Ms. Krasik, a Managing Director at Stellex Capital Management, brings experience in mergers and acquisitions, corporate strategy, and governance. TransDigm Group Inc is an aerospace and defense company that designs, manufactures, and services highly engineered components for aircraft.