Triumph Group to redeem 4 7/8% notes due 2021 via new notes

By Marisa Wong

Los Angeles, Sept. 9 – Triumph Group, Inc. plans to redeem its 4 7/8% senior notes due 2021 using proceeds from an offering of notes.

The company announced on Monday that it plans to offer $525 million of senior secured notes due 2024.

Proceeds will also be used to repay amounts outstanding under the company’s credit facility.

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

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