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TransDigm to use revolver, new debt to acquire aerospace business
By Marisa Wong
Madison, Wis., April 30 – TransDigm Group Inc. said it expects to use existing availability under its revolving credit facility and new debt to finance an acquisition.
The company will also use cash on hand to help acquire the assets of Pexco LLC’s aerospace business for about $496 million in cash, according to a press release.
TransDigm is a Cleveland-based designer, producer and supplier of highly engineered aircraft components.
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