Triumph Group Delivers Company Notice to Holders of 2.625% Convertible Senior Subordinated Notes Due 2026
WAYNE, Pa.--(BUSINESS WIRE)--Jan. 2, 2008--Triumph Group, Inc. (NYSE:TGI) today delivered a notice to holders of its 2.625% Convertible Senior Subordinated Notes Due 2026 to the effect that, for at least 20 trading days during the 30 consecutive trading days preceding December 31, 2007, the closing price of the Company's common stock was greater than or equal to 130% of the conversion price of such notes on such last trading day. Accordingly, from January 1, 2008 until March 31, 2008, such notes are eligible for conversion as provided in the Indenture relating to such notes.
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 Triumph can be found on the Internet at http://www.triumphgroup.com.
CONTACT: Triumph Group, Inc.
Sheila Spagnolo, Vice President, 610-251-1000
SOURCE: Triumph Group, Inc.