BERWYN, Pa. – September 23, 2020 – Triumph Group [NYSE:TGI] announced today that its Triumph Aviation Services-Asia Ltd. (TASA) business was awarded a contract by a Turkish airline to provide aircraft wheel maintenance and repair services for 25 aircraft in its Boeing fleet. TASA is a subsidiary of Triumph Systems & Support located in Chonburi, Thailand.
TRIUMPH GROUP AND AIRBUS EXTEND PARTNERSHIP TO SATISFY RECOVERING MRO DEMAND IN ASIA
BERWYN, Pa. – September 1, 2020 – Triumph Group [NYSE:TGI] announced that its Triumph Aviation Services Asia (TASA) business and Airbus Industries have formalized a contract extension to continue TASA’s provision of repair station services for a Proprietary Parts catalog encompassing more than 40,000 items. TASA is a subsidiary of Triumph Systems & Support and serves the Asia Pacific region.
TRIUMPH MECHANICAL CONTROLS SELECTED FOR WATER TANK SYSTEMS ON A321XLR
BERWYN, Pa. – August 20, 2020 –Triumph Group [NYSE:TGI] announced that its Triumph Systems & Support business unit has been awarded a contract from Diehl Aviation for the supply of mechanical controls for the Airbus A321XLR. The indefinite delivery/indefinite quantity (ID/IQ) award includes the service panel lever and cable controls for the waste-water tank on the aircraft.
TRIUMPH GROUP COMPLETES REFINANCING TRANSACTIONS
BERYWN, PA, August 17, 2020 /PRNewswire/ – Triumph Group, Inc. (NYSE: TGI) (“Triumph” or the “Company”) today announced the consummation of a series of strategic refinancing transactions, including the closing of its previously announced offering of $700.0 million of its 8.875% senior secured first lien notes due 2024 (the “Notes”), the repayment and termination of its revolving credit facility and amendments to its receivables securitization facility.
TRIUMPH GROUP, INC. PRICES OFFERING OF SENIOR SECURED NOTES
BERYWN, PA, August 5, 2020 /PRNewswire/ – Triumph Group, Inc. (NYSE: TGI) (“Triumph” or the “Company”) today announced that it priced $700.0 million aggregate principal amount of its 8.875% senior secured first lien notes due 2024 (the “Notes,” and such offering, the “Notes Offering”). The Notes are 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 are secured, subject to permitted liens, by first-priority liens on substantially all of the Company’s and the Guarantors’ assets, including certain of the Company’s real property. The collateral also secures the 2024 Notes on a second lien basis. The offering of the Notes is expected to close on August 17, 2020, subject to customary closing conditions.
”) today announced that it priced $700.0 million aggregate principal amount of its 8.875% senior secured first lien notes due 2024 (the “Notes,” and such offering, the “Notes Offering”). The Notes are 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 are secured, subject to permitted liens, by first-priority liens on substantially all of the Company’s and the Guarantors’ assets, including certain of the Company’s real property. The collateral also secures the 2024 Notes on a second lien basis. The offering of the Notes is expected to close on August 17, 2020, subject to customary closing conditions.
TRIUMPH GROUP, INC. ANNOUNCES PROPOSED PRIVATE OFFERING OF SENIOR SECURED NOTES
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.
TRIUMPH GROUP REPORTS FIRST QUARTER FISCAL 2021 RESULTS
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.
TRIUMPH GROUP DIVESTS G650/700 ASSETS TO GULFSTREAM
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.
TRIUMPH GROUP ANNOUNCES THE SALE OF ITS COMPOSITES BUSINESS TO ARLINGTON CAPITAL PARTNERS
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.
TRIUMPH TO PROVIDE AFTERMARKET SERVICES TO GLOBAL AEROSPACE LOGISTICS FOR HELICOPTER AND FIXED-WING MRO
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.