TransDigm Racks Up Debt, Still Dominates

Sheahan, Matthew
November 2010
High Yield Report;11/8/2010, Vol. 21 Issue 45, p25
The article reports on a term loan started by a bank group composed of Credit Suisse, UBS, Barclays and Morgan Stanley, to help TransDigm Group to finance an acquisition. The bank group has started syndication of the term loan on November 3, 2010 in which price talk is at Libor plus 375 basis points (bps) to Libor plus 400 bps, with a 1.5% Libor floor. It notes that the acquisition deal will bring the company's leveraged to 6.1x.


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