-- TransDigm Group (TDG) said Tuesday in a regulatory filing that its wholly-owned subsidiary, TransDigm, is planning to offer $1.25 billion of new debt, subject to market and other conditions.
The offering is expected to consist of $250 million of new senior subordinated notes and $1 billion of new term loans to be launched simultaneously, the company said.
Net proceeds of the offering, along with cash on hand, will be used to finance the acquisition of Stellant Systems, about $800 million of additional share repurchases completed in March, and related transaction fees and expenses, the company said.
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