TA Mfg to redeem 3 5/8% notes due 2023 due to merger with parent

Chicago, March 15 – TA Mfg Ltd. plans to redeem all of its 3 5/8% senior notes due 2023, according to a notice.

The original issue amount of the notes was €330 million.

Payment will be made on April 15 at a redemption price of 101.813% of the principal amount of the notes plus accrued interest.

The redemption is part of a larger merger with parent company, Esterline Technologies Corp., the guarantor of the notes. After the merger Esterline will be the only surviving entity as a wholly owned subsidiary of TransDigm Group Inc.

Bellevue, Wash.-based Esterline makes products and systems for the aerospace and defense, industrial/commercial and medical markets. TA Mfg is a designer and manufacturer of metallic and elastomer clamping systems, molded grommets and thermal fire barrier insulation.

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