Triumph Group to repay, terminate credit facility using notes’ funds

By Wendy Van Sickle

Columbus, Ohio, Aug. 4 – Triumph Group, Inc. plans to repay amounts outstanding under and terminate its revolving credit facility using proceeds from an offering of notes.

The company announced on Tuesday that it plans to offer $600 million of senior secured notes due 2024.

Based in Berwyn, Pa., Triumph designs, engineers, manufactures, repairs and overhauls aerospace and defense systems, components and structures.

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