TransDigm Group Prices $3B 6.75% Senior Secured Notes Due 2035

What Happened
TransDigm Group (via wholly owned subsidiary TransDigm Inc.) announced on September 14, 2026 that it priced a private offering of $3,000 million aggregate principal amount of 6.75% Senior Secured Notes due 2035. The size was increased from an initial $2,500 million. The Notes will be guaranteed by TransDigm Group and certain subsidiaries, will be issued at 100% of principal, and the offering is expected to close on September 28, 2026, subject to customary closing conditions. TransDigm intends to use the net proceeds to repurchase all outstanding 6.75% Senior Secured Notes due 2028 through a concurrent tender offer launched the same day.

Key Details

• Issuer: TransDigm Inc. (wholly owned subsidiary); guarantors include TransDigm Group and certain direct/indirect subsidiaries.
• Size & terms: $3,000 million aggregate principal, 6.75% coupon, maturity 2035, issued at 100.00% of principal.
• Purpose: Net proceeds to repurchase outstanding 6.75% Senior Secured Notes due 2028 via a concurrent tender offer.
• Offering mechanics: Private placement under Rule 144A (to qualified institutional buyers) and Regulation S (to non-U.S. persons); Notes not registered under the Securities Act. Expected close September 28, 2026.

Why It Matters
This transaction would extend the maturity profile of TransDigm’s secured debt from 2028 to 2035 while retaining the same 6.75% coupon on the new notes, and it signals a planned refinancing of the 2028 secured notes. For investors, the deal affects the company’s debt timeline and liquidity planning: if completed, near-term refinancing risk tied to the 2028 notes would be reduced, and the company’s capital structure will reflect the new 2035 secured debt. The offering remains subject to customary closing conditions and the outcome of the concurrent tender offer.