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TransDigm Group Inc (TDG.N)

TDG.N on New York Stock Exchange

248.17USD
25 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Representative Khanna asks defense department to investigate Transdigm
Tuesday, 21 Mar 2017 02:58pm EDT 

:Representative Ro Khanna sends letter to Defense Department Inspector General asking for investigation into business practices of Transdigm Group.  Full Article

TransDigm Group says on March 6 entered into Amendment No 2 to Credit Agreement - SEC filing
Wednesday, 8 Mar 2017 03:58pm EST 

TransDigm Group Inc : On March 6, 2017, unit, TD Group and certain subsidiaries of TransDigm entered into Amendment No. 2 -SEC filing . Amendment permits, among other things, up to $1.5 billion of dividends and share repurchases over the next twelve months - SEC filing . Amendment also increases general investment basket to greater of $400 million and 8% of consolidated total assets . On March 7, Board authorized a new stock repurchase program permitting repurchase of portion of shares not to exceed $600 million .Stock repurchase program replaces previous repurchase program, which had remaining amount of repurchases allowable of about $213 million.  Full Article

Transdigm Group prices offering of $300 million of additional senior subordinated notes
Friday, 24 Feb 2017 04:15pm EST 

Transdigm Group Inc : Transdigm Group prices offering of $300 million of additional senior subordinated notes . Transdigm Group Inc - notes will be an additional issuance of company's existing 6.500 pct senior subordinated notes due 2025 . Transdigm Group Inc - notes will be issued at a price of 101.500 pct of their principal amount. . Transdigm Group Inc - offering is expected to close on march 1, 2017 .Transdigm group - on Feb. 24, co's unit priced private offering of additional $300 million principal amount of 6.500pct senior subordinated notes due 2025.  Full Article

Transdigm announces proposed private offering of $300 mln of additional senior subordinated notes due 2025
Friday, 24 Feb 2017 07:25am EST 

Transdigm Group Inc : Transdigm Group announces proposed private offering of $300 million of additional senior subordinated notes due 2025 . Transdigm Group Inc - notes will be an additional issuance of company's existing 6.500% senior subordinated notes due 2025 . Transdigm Group Inc - unit is planning to offer an additional $300 million aggregate principal amount of 6.500% senior subordinated notes due 2025 .Transdigm Group Inc - also intends to use net proceeds from offering of notes to replenish approximately $90 million of cash on its balance sheet.  Full Article

Takata to sell stake and business in units to TransDigm Group Inc
Thursday, 23 Feb 2017 02:35am EST 

Takata Corp <7312.T> : Says it plans to sell 100 percent stake in unit SCHROTH Safety Products GmbH and entire business in unit Takata Protection Systems Inc and Interiors In Flight Inc, to TransDigm Group Inc, on Feb. 22 (U.S. local time) .Says transaction amount is about 9.9 billion yen ($90 million).  Full Article

TransDigm Group posts Q1 adjusted earnings per share $2.57
Tuesday, 7 Feb 2017 07:15am EST 

TransDigm Group Inc : TransDigm Group reports fiscal 2017 first quarter results . Q1 adjusted earnings per share $2.57 . Q1 earnings per share $0.41 . Q1 sales $814 million versus I/B/E/S view $804.5 million . Q1 earnings per share view $2.49 -- Thomson Reuters I/B/E/S . Sees FY 2017 earnings per share $9.15 to $9.43 . Sees FY 2017 sales $3.52 billion to $3.57 billion . Fy2017 earnings per share view $12.12, revenue view $3.54 billion -- Thomson Reuters I/B/E/S . TransDigm Group - "we are modestly Increasing our full year guidance to primarily reflect slightly higher revenues and a modest Increase in margin" . TransDigm Group Inc says 2017 adjusted earnings per share are expected to be in range of $12.02 to $12.30 per share .TransDigm Group Inc - business jet and helicopter markets "remained weak" in quarter.  Full Article

Transdigm Group CEO Walter Nicholas Howley's 2016 total compensation $18.7 mln vs. $12.7 mln in 2015
Friday, 20 Jan 2017 09:33am EST 

Transdigm Group Inc :Transdigm Group CEO Walter Nicholas Howley's 2016 total compensation $18.7 million versus $12.7 million in 2015 - sec filing.  Full Article

Transdigm announces tender offer for its 7.50% senior subordinated notes due 2021
Thursday, 13 Oct 2016 11:44am EDT 

Transdigm Group Inc : Transdigm Group announces tender offer for any and all of its 7.50 pct senior subordinated notes due 2021 . "Total consideration" for each $1,000 principal amount of notes validly tendered, and not validly withdrawn, is $1060.50 . Tender offer to purchase will expire on November 10, 2016 .Co's unit Transdigm has commenced cash tender offer for any and all of its outstanding 7.50 pct senior subordinated notes due 2021.  Full Article

Transdigm Group says seeking to upsize previously announced proposed incremental term loan from $650 mln-$1,150 mln
Wednesday, 12 Oct 2016 07:50am EDT 

Transdigm Group Inc : Says is seeking to upsize its previously announced proposed incremental term loan from $650 million to $1,150 million . Transdigm Group- intends to use incremental $500 million of proceeds to retire co's outstanding 7.50% senior subordinated notes due 2021 - sec filing .Transdigm Group Inc- company expects to seek an amendment to credit agreement to permit repayment of these notes- sec filing.  Full Article

TransDigm reports proposed new term loan
Tuesday, 4 Oct 2016 08:15am EDT 

TransDigm Group Inc : TransDigm announces proposed new term loan, considers paying special dividend and provides update on estimated fiscal 2016 results . Considering paying a cash dividend in range of $1.1 billion to $1.5 billion with proceeds of proposed new term loan . Expects fiscal 2016 EBITDA as defined to be at or modestly above midpoint of previously stated guidance range . Based on preliminary expectations, August 9, 2016 guidance still appears to be materially correct . Seeking to increase its existing term loan facility by an additional $650 million term loan .Expects fiscal 2016 net sales to be at or slightly below low end of guidance range.  Full Article

More From Around the Web

U.S. Congressman asks DoD to investigate TransDigm's practices

U.S. Congressman Ro Khanna asked the Department of Defense for an investigation into the business practices of aircraft components supplier TransDigm Group Inc, sending the company's shares down as much as 9.7 percent on Tuesday.