TransDigm in market with $295 million term loan B

By Sara Rosenberg

New York, March 23 - TransDigm Holding Co. is in the market with a $295 million 6.25-year term loan B priced with an interest rate of Libor plus 225 basis points, according to a syndicate document. Credit Suisse First Boston is sole lead arranger and sole bookrunner on the deal.

The term loan, which was launched via a conference call on Monday, will be used to refinance existing debt, according to the document.

In July 2003, TransDigm was acquired by an affiliate of Warburg Pincus. In connection with the leveraged buyout, TransDigm got a new credit facility consisting of a $295 million term loan with an interest rate of Libor plus 300 basis points and a $100 million revolver with an interest rate of Libor plus 350 basis points.

TransDigm is a Richmond Heights, Ohio supplier of highly engineered aircraft components.

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