CLEVELAND, Feb. 24, 2017 /PRNewswire/ — TransDigm Group Incorporated (“TransDigm Group”) (NYSE: TDG) announced today that on February 24, 2017, its wholly-owned subsidiary, TransDigm Inc. (the “Company”), priced its private offering of an additional $300 million aggregate principal amount of 6.500% Senior Subordinated Notes due 2025 (the “Notes”). The Notes will be an additional issuance of the Company’s existing 6.500% Senior Subordinated Notes due 2025. The Notes will be issued at a price of 101.500% of their principal amount. The Notes will be guaranteed, with certain exceptions, by TransDigm Group and all of the Company’s existing and future domestic subsidiaries on a senior subordinated basis. The offering is expected to close on March 1, 2017.

TransDigm Inc. intends to use the net proceeds from the offering of the Notes for general corporate purposes, which may include potential future acquisitions, dividends and purchases under its stock repurchase program, as well as to replenish approximately $90 million of cash on its balance sheet used to fund the acquisition of SCHROTH Safety Products GmbH and certain aviation and defense assets and liabilities from subsidiaries of Takata Corporation on February 22, 2017.

The Notes and related guarantees were offered only to qualified institutional buyers in reliance on the exemption from registration set forth in Rule 144A under the Securities Act of 1933 (the “Securities Act”), and outside the United States to non-U.S. persons in reliance on the exemption from registration set forth in Regulation S under the Securities Act. The Notes and the related guarantees have not been registered under the Securities Act, or the securities laws of any state or other jurisdiction, and may not be offered or sold in the United States without registration or an applicable exemption from the Securities Act, applicable state securities or blue sky laws and foreign securities laws.

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sales of securities mentioned in this press release in any state or foreign jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or foreign jurisdiction.