TransDigm Group Announces Proposed Private Offering of $500 Million Senior Subordinated Notes due 2021

CLEVELAND, June 25, 2013 /PRNewswire/ — TransDigm Group Incorporated (“TransDigm Group”) (NYSE: TDG) announced today that its wholly-owned subsidiary, TransDigm Inc. (the “Company”), is planning, subject to market and other conditions, to offer $500 million aggregate principal amount of senior subordinated notes due 2021 (the “Notes”) in a private offering that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). TransDigm Group has received from its lenders the requisite consents to a previously announced proposed amendment to its senior secured credit facilities, which was a condition to the offering of the Notes. It is expected that the Notes will be guaranteed, with certain exceptions, by TransDigm Group and certain of the Company’s existing and future domestic subsidiaries on a senior subordinated basis.

The Company intends to use all or a portion of the net proceeds from the offering of the Notes, together with the net proceeds of the borrowing of $700 million of additional incremental term loans and cash on hand, to fund a dividend in the range of $1 billion to $1.8 billion to the holders of the common stock of TransDigm Group, to pay related transaction expenses and for general corporate purposes.