BERYWN, PA, August 4, 2020 /PRNewswire/ – Triumph Group, Inc. (NYSE: TGI) (“Triumph” or the “Company”) today announced that it intends to offer $600.0 million aggregate principal amount of senior secured first lien notes due 2024 (the “Notes,” and such offering, the “Notes Offering”). The Notes will be guaranteed (the “Guarantees”) by the same subsidiaries (the “Guarantors”) that guaranty certain of Triumph’s other indebtedness, including its (i) 5.250% Senior Notes due 2022, (ii) 6.250% Senior Secured Notes due 2024 (the “2024 Notes”), and (iii) 7.750% Senior Notes due 2025. The Notes and the Guarantees will be secured, subject to permitted liens, by first-priority liens on substantially all of the Company’s and the Guarantors’ assets. The collateral also secures the 2024 Notes on a second lien basis.
BERWYN, Pa. – August 4, 2020 – Triumph Group, Inc. (NYSE: TGI) (“Triumph” or the “Company”) today reported financial results for its first quarter of fiscal year 2021, which ended June 30, 2020.
BERWYN, Pa. August 4, 2020 – Triumph Group, Inc. (NYSE: TGI) (“Triumph” or the “Company”) today announced it has reached a definitive agreement to sell its G650 program scope of work including supply chain management, engineering services, and related tooling, inventory, facilities, personnel, and warranty obligations to Gulfstream Aerospace. This agreement follows the Company’s transfer of the G650 wing assembly line in Tulsa, Oklahoma to Gulfstream’s Savannah, Georgia facility in 2019.
BERWYN, Pa. – August 3, 2020– Triumph Group, Inc. (NYSE:TGI) announced today a definitive agreement to sell its composites operations to Arlington Capital Partners. Included in the sale are the Triumph Aerospace Structures composites locations in Milledgeville, Georgia and Rayong, Thailand.
Berwyn, PA – July 30, 2020 – Triumph Group [NYSE:TGI] announced today that its Triumph Systems & Support business has signed an agreement with Global Aerospace Logistics (GAL) to provide maintenance repair and overhaul (MRO) products and services for aircraft accessories and components for military aircraft that GAL services and repairs for its Middle Eastern customers.
Berwyn, PA – July 23, 2020 – Triumph Group, Inc. (NYSE: TGI) will release first quarter fiscal year 2021 earnings on August 4, 2020 and will host a conference call that day at 5:30 p.m. ET. A slide presentation will be included with the audio portion of the webcast.
BERWYN, July 13, 2020 –Triumph Group [NYSE:TGI] today announced that Tom Blakely will join the company as Chief Technology Officer, reporting to Vice President of Operations, Nick Drazic. Blakely has led the development, certification, and transition to production of dozens of advanced military and commercial aircraft as well as complex subsystems and components over the last four decades.
BERWYN, June 22, 2020 – Triumph Group [NYSE: TGI] announced that its Triumph Systems & Support business unit has been awarded a five-year contract from Bell Textron, Inc. for the supply of mechanical flight controls for multiple commercial helicopter platforms, including the Bell 429, Bell 412 and Bell 407. The contract is an indefinite delivery/indefinite quantity (ID/IQ) award that will commence this year. Triumph is a long-standing supplier of safe and reliable high-performance mechanical flight control products to Bell supporting both their commercial and military programs.
BERWYN, June 16, 2020 – Triumph Group, Inc. [NYSE:TGI] announced that its Triumph Systems & Support aftermarket accessory services facility in Grand Prairie, Texas successfully completed its AS9110 certification for aerospace maintenance, repair and overhaul (MRO) management systems. The certification guarantees that the site can implement, monitor and comply with Federal Aviation Authority (FAA) and European Aviation Safety Agency (EASA) Part 145 regulations.
BERWYN, June 11, 2020 – Triumph Group [NYSE:TGI] announced that its Triumph Systems & Support business was awarded a four-year contract for hydraulic utility actuation (HUA) valves on the F-35. The long-term agreement extends an existing two-year order with Lockheed Martin and makes Triumph Group the sole provider for the HUA valve statement of work.