Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for Triumph Group, Inc. > News item |
Triumph Group to redeem all 8.625% notes, 2.625% convertibles June 23
By Toni Weeks
San Luis Obispo, Calif., May 22 - Triumph Group, Inc. gave notice that it intends to redeem its outstanding $350 million of 8.625% senior notes due 2018 and outstanding $10.2 million of 2.625% convertible senior subordinated notes due 2026.
According to a press release, both series of notes will be redeemed on June 23.
The redemption price is par plus the applicable premium for the 8.625% notes and par for the convertibles. Holders will also receive accrued interest up to but excluding the redemption date.
The convertibles may be converted at any time until 5 p.m. ET on June 20.
Berwyn, Pa.-based Triumph Group designs, engineers, manufactures, repairs and overhauls aerostructures, aircraft components, accessories, subassemblies and systems.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.