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.
