Triumph Group, Inc. (“Triumph”) (NYSE:TGI) today announced that it intends to offer $500 million in aggregate principal amount of senior notes due 2025 (the “Notes”). Triumph intends to use the net proceeds of the offering to repay amounts outstanding under its credit facilities and pay fees and expenses.
The Notes will be offered in a private placement to qualified institutional buyers pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), subject to market and other conditions. No assurance can be given that the offering will be completed or, if completed, as to the terms on which it is completed. The Notes to be offered have not been registered under the Securities Act or state securities laws and may not be offered or sold in the United States absent registration or pursuant to an applicable exemption from the registration requirements of the Securities Act and any applicable state securities laws.