TransDigm Group Incorporated has priced a total of $5 billion in new debt, increasing from an initial $4 billion announcement. The company plans to use the net proceeds for a special cash dividend of approximately $5 billion to common stockholders, cash dividend equivalent payments on vested stock options, and to cover related transaction fees and expenses. The debt comprises $2.5 billion in senior notes, including $500 million of 6.250% Senior Secured Notes and $2 billion of 6.750% Senior Subordinated Notes, all due in 2034. These offerings are expected to close on August 19, 2025, subject to customary conditions, and will be guaranteed by TransDigm Group and certain subsidiaries.
Additionally, TransDigm Group is expected to amend its existing credit agreement to incur up to $2.5 billion in new tranche M term loans, maturing in August 2032. The closings of the note offerings and the credit agreement amendment are independent of each other. The company emphasizes that the information provided does not constitute an offer to sell or solicitation to buy any securities, and the notes will not be registered under the Securities Act, limiting their sale in the U.S. without an applicable exemption.
linkAug 13, 2025 17:10:25
TransDigm Group Incorporated intends to offer $4 billion in new debt through its subsidiary, TransDigm Inc., which includes $1.5 billion in senior secured notes, $1 billion in senior subordinated notes, and $1.5 billion in new term loans. The funds raised will be used, alongside cash reserves, to pay a special cash dividend of approximately $4.3 billion to common stockholders and cash equivalent payments on vested stock options.
The debt offerings are structured as private placements and are subject to market conditions. The offerings will not be registered under the Securities Act, and are intended for qualified institutional buyers. The completion of the debt offerings and the related credit agreement amendments are not contingent upon one another, and there is no guarantee on the timing or completion of these transactions.
linkAug 11, 2025 08:05:54
TransDigm Group Incorporated has appointed Patrick J. Murphy as Co-Chief Operating Officer, effective immediately. Mr. Murphy has served as an Executive Vice President for the past six years and previously held the position of President at HarcoSemco, a subsidiary of TransDigm. He has extensive experience in operational roles prior to his tenure at TransDigm.
There are no disclosed family relationships or related party transactions involving Mr. Murphy and the Company, in accordance with regulatory requirements. This leadership change may impact the company's operational strategy and overall management structure.
linkAug 05, 2025 16:02:10
TransDigm Group Incorporated reported net sales of $2,237 million for the third quarter ended June 28, 2025, reflecting a 9% increase compared to the same period last year. Net income rose to $493 million, a 7% increase, with earnings per share reaching $8.47, up 6%. The company also reported an EBITDA As Defined of $1,217 million, marking a 12% increase and an EBITDA margin of 54.4%. The firm announced upward revisions to its fiscal 2025 EBITDA guidance while adjusting its sales expectations downward due to lower than anticipated commercial OEM sales.
For the year-to-date, net sales increased by 11.1% to $6,394 million, with net income rising 17.4% to $1,465 million. The company has completed acquisitions of Servotronics, Inc. and has announced a definitive agreement to acquire Simmonds Precision Products, which aligns with its strategic objectives. Looking ahead, TransDigm anticipates net sales for fiscal 2025 to range between $8,760 million and $8,820 million, with adjusted earnings per share expected between $36.33 and $37.15.
linkAug 05, 2025 07:18:49
Mr. Jorge Valladares III has resigned from the Board of Directors of TransDigm Group Incorporated, effective immediately. His resignation is attributed to new professional commitments at another organization and not due to any disagreements regarding the Company's operations or policies.
The Company expressed gratitude for Mr. Valladares' years of service and contributions, wishing him well in his future endeavors. This change in the board may have implications for the company's governance and operational strategies.
linkJul 25, 2025 09:21:33
Jessica L. Warren has left her position as General Counsel, Chief Compliance Officer, and Secretary of TransDigm Group Incorporated, effective July 7, 2025. Following her departure, she is entitled to compensation and benefits as per her employment agreement and stock option awards for a termination without cause.
The company acknowledged Ms. Warren's contributions during her time with TransDigm. The announcement was made in compliance with the Securities Exchange Act of 1934, and the report was signed on July 9, 2025.
linkJul 09, 2025 07:15:42
TransDigm Group Incorporated has announced its agreement to acquire the Simmonds Precision Products, Inc. business from RTX Corporation for approximately $765 million in cash. Simmonds, based in Vergennes, Vermont, specializes in fuel and proximity sensing and structural health monitoring solutions for the aerospace and defense sectors. The company is expected to generate around $350 million in revenue for the calendar year ending December 31, 2025, with a significant portion of its revenue coming from proprietary products and aftermarket services.
The acquisition is pending regulatory approvals and customary closing conditions, and it will be financed using TransDigm's existing cash reserves. TransDigm's CEO expressed enthusiasm for the acquisition, highlighting Simmonds' established market position and alignment with TransDigm's strategic goals. The company employs approximately 900 people and is recognized as a leader in its technology area.
linkJun 30, 2025 09:04:12
The report is dated May 20, 2025, indicating the company's compliance with regulatory requirements. This submission is part of the company's ongoing obligations to provide transparency to investors regarding its financial condition.
linkMay 20, 2025 16:05:47
TransDigm Group Incorporated has announced that Kevin Stein will retire as President and Chief Executive Officer effective September 30, 2025, after more than ten years in senior leadership roles. Mike Lisman, currently Co-Chief Operating Officer, will succeed him. Stein will remain as an advisor until March 31, 2026, and continue on the Company’s Board of Directors to assist with the transition.
Mike Lisman has been with TransDigm since 2015 and has held various positions, including Chief Financial Officer and Executive Vice President. The Board of Directors expressed confidence in Lisman’s ability to continue the company's value-driven strategy and generate returns for shareholders. Stein acknowledged the support of his colleagues during his tenure and expressed gratitude for the opportunity to lead the company.
linkMay 06, 2025 07:32:40
TransDigm Group Incorporated announced its financial results for the second quarter of fiscal 2025, reporting net sales of $2,150 million, a 12% increase from $1,919 million in the same quarter last year. The company's net income rose to $479 million, up 19% year-over-year, with earnings per share increasing to $8.24, reflecting an 18% growth compared to the previous year. The company also reported an EBITDA As Defined of $1,162 million, which is a 14% increase from $1,021 million in the prior year, and maintained a strong EBITDA margin of 54.0% for the quarter. Additionally, TransDigm repurchased approximately $53 million of its common stock during the quarter and an additional $131 million post-quarter-end, indicating a commitment to returning capital to shareholders.
For the twenty-six week period ending March 29, 2025, TransDigm's net sales increased by 12.1% to $4,156 million, while net income rose 23.7% to $972 million. The company reaffirmed its fiscal 2025 financial guidance, expecting net sales to be between $8,750 million and $8,950 million, and net income in the range of $1,925 million to $2,037 million. The anticipated earnings per share for the full year is projected to be between $32.27 and $34.19. TransDigm's financial outlook reflects growth assumptions across its commercial and defense markets, despite potential impacts from tariffs.
linkMay 06, 2025 07:18:12