Triumph Group Announces Commencement of Consent Solicitation for Senior Notes
The purpose of the Consent Solicitation is to obtain Consents to amend
the indenture relating to the Notes (the “Indenture”) to make such
Indenture consistent with the Company’s indenture, dated as of
The consent solicitation will expire at
The Company will not be obligated to make any payments in respect of the consent solicitation if the Company does not receive or accept the requisite consents for the Notes prior to the Expiration Date, the supplemental indenture relating to the amendment is not executed and effective or if the other conditions to the consent solicitation are not satisfied or waived.
For a complete statement of the terms and conditions of the consent solicitation, holders of the Notes should refer to the consent solicitation statement, dated as of May 9, 2016, and the related consent form. Such conditions to the consent solicitation are for the sole benefit of the Company, and may be waived by the Company at any time as described in the consent solicitation statement. The Company may terminate, extend or amend the consent solicitation at any time.
The Company has engaged
This announcement is not an offer to purchase, a solicitation of an offer to purchase, or a solicitation of consents with respect to any securities, including the Notes. The consent solicitation is being made solely by the consent solicitation statement and the related consent form and are subject to the terms and conditions stated therein. The consent solicitation is not being made to, and the consents are not being solicited from, holders of Notes in any jurisdiction in which it is unlawful to make the consent solicitation or grant such consents. No recommendation is made, or has been authorized to be made, as to whether or not holders of the Notes should consent to the adoption of the amendment pursuant to the consent solicitation. The Company reserves the right, in its sole discretion, to modify the consent solicitation statement or to terminate the consent solicitation.
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Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 relating
to our future operations and prospects, including statements that are
based on current projections and expectations about the markets in which
we operate, and our beliefs concerning future performance and capital
requirements based upon current available information. Such statements
are based on our beliefs as well as assumptions made by and information
currently available to us. When used in this document, words like “may,”
“might,” “will,” “expect,” “anticipate,” “believe,” “potential,” and
similar expressions are intended to identify forward-looking statements.
Actual results could differ materially from our current expectations.
For example, there can be no assurance that additional capital will not
be required or that additional capital, if required, will be available
on reasonable terms, if at all, at such times and in such amounts as may
be needed by us. In addition to these factors, among other factors that
could cause actual results to differ materially are uncertainties
relating to the integration of acquired businesses, general economic
conditions affecting our business, dependence of certain of our
businesses on certain key customers as well as competitive factors
relating to the aviation industry. For a more detailed discussion of
these and other factors affecting us, see the risk factors described in
our Annual Report on Form 10-K for the fiscal year ended March 31, 2015,
filed with the
Triumph Group, Inc.
Sheila G. Spagnolo, 610-251-1000
Vice President – Tax & Investor Relations