TransDigm to start roadshow Jan. 22 week for $250 million note offering

By Paul A. Harris

St. Louis, Jan. 18 - TransDigm Inc. will begin a roadshow during the Jan. 22 week for its $250 million offering of senior subordinated notes, according to market sources.

Credit Suisse and Lehman Brothers are leading the Rule 144A and Regulation S transaction.

The company also is in the leverage markets with a $180 million tack-on to its existing $650 million senior secured term loan via Credit Suisse and Lehman Brothers.

Proceeds will be used to finance the $430 million acquisition of Aviation Technologies Inc. in a transaction expected to close before mid-March.

In connection with these transactions TransDigm also intends to increase its existing senior secured revolver to $200 million from $150 million but does not intend to draw from the revolver in connection with the closing of the Aviation Technologies transaction.

The prospective issuer is a subsidiary of TransDigm Group Inc., a Cleveland-based designer, producer and supplier of aircraft components.

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