News Releases

Triumph Group Announces Pricing of $175 Million of Senior Subordinated Notes

November 10, 2009 at 5:32 PM EST

WAYNE, Pa.--(BUSINESS WIRE)--Nov. 10, 2009-- Triumph Group, Inc. (NYSE:TGI) today announced the pricing of its previously announced offering of $175 million aggregate principal amount of senior subordinated notes due 2017. The notes will have an interest rate of 8% per annum and are being issued at a price equal to 98.558% of their face value. The offering of the notes is expected to close on November 16, 2009.

The Company estimates that the net proceeds from the offering will be approximately $168.5 million after deducting the effects of original issue discount, initial purchaser discounts and estimated offering fees and expenses. The net proceeds from the issuance of the notes are to be used for general corporate purposes, which may include debt reduction, including the repayment of amounts outstanding under its revolving credit facility at a future date, without any permanent reduction of the commitments thereunder. The notes will be issued by the Company and guaranteed on a senior subordinated basis by each of the Company’s domestic restricted subsidiaries that guarantee any of its debt or that of its restricted subsidiaries under the Company’s revolving credit facility, and in the future by any of the Company’s domestic restricted subsidiaries that guarantee any debt of the Company or any of its restricted subsidiaries incurred under any credit agreement.

The notes were 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. The notes 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. This press release does not constitute an offer to sell or the solicitation of an offer to buy the notes, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

Triumph Group, Inc., headquartered in Wayne, Pennsylvania, designs, engineers, manufactures, repairs and overhauls aircraft components and accessories. The Company serves a broad, worldwide spectrum of the aviation industry, including original equipment manufacturers of commercial, regional, business and military aircraft and aircraft components, as well as commercial and regional airlines and air cargo carriers.

More information about the Company can be found on the Internet at http://www.triumphgroup.com.

Statements in this release which are not historical facts are forward-looking statements under the provisions of the Private Securities Litigation Reform Act of 1995. All forward-looking statements involve risks and uncertainties which could affect the Company’s actual results and could cause its actual results to differ materially from those expressed in any forward looking statements made by, or on behalf of, the Company. Further information regarding the important factors that could cause actual results to differ from projected results can be found in the Company’s reports filed with the SEC, including without limitation the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2009.

Source: Triumph Group, Inc.

Triumph Group, Inc.
Sheila Spagnolo
Vice President
610-251-1000
sspagnolo@triumphgroup.com