Triumph Group plans quick sale of $300 million eight-year notes

By Paul A. Harris

Portland, Ore., May 19 - Triumph Group, Inc. plans to price a $300 million offering of eight-year senior notes (Ba3/BB-) in a quick-to-market Monday transaction, according to a market source.

J.P. Morgan Securities LLC, RBC Capital Markets and UBS Investment Bank are the joint bookrunners for the Rule 144A and Regulation S deal.

PNC Capital Markets, RBS Securities Inc., Santander, U.S. Bancorp Investments Inc. and Mitsubishi UFJ Securities are the co-managers.

The notes come with three years of call protection.

The Berwyn, Pa., aircraft components manufacturer plans to use the proceeds to help redeem its outstanding 8 5/8% senior notes due 2018.

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