TransDigm expects to use new debt, revolver draw for ILC purchase

By Sara Rosenberg

New York, May 24 – TransDigm Group Inc. plans on using new debt, borrowings under its existing revolving credit facility and cash on hand to fund the acquisition of ILC Holdings Inc., according to a news release.

ILC, the parent company of Data Device Corp., is being bought from Behrman Capital for a total purchase price of $1 billion in cash.

Closing is expected before the end of fiscal 2016, subject to regulatory approvals and customary conditions.

TransDigm is a Cleveland-based designer, producer and supplier of highly engineered aircraft components for use on commercial and military aircraft. ILC is a Bohemia, N.Y.-based supplier of databus and power supply products for the military and commercial aerospace markets.

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