WAYNE, Pa., Mar 19, 2010 (BUSINESS WIRE) -- Triumph Group, Inc. (NYSE:TGI) today announced the expiration and
results of its exchange offer (the "Exchange Offer") to exchange up to
$175 million in aggregate principal amount of its 8% Senior Subordinated
Notes due 2017 that have been registered (the "Exchange Notes") under
the Securities Act of 1933, as amended (the "Securities Act"), for the
same aggregate principal amount of its outstanding 8% Senior
Subordinated Notes due 2017 (the "Original Notes"). The Original Notes
were issued in a private placement in compliance with Rule 144A and
Regulation S under the Securities Act.
The Exchange Offer expired at 5:00 p.m., New York City time, on March
16, 2010, and the settlement date of the Exchange Offer was March 19,
2010. According to U.S. Bank National Association, the exchange agent
for the Exchange Offer, the Company received valid tenders from holders
of $175 million aggregate principal amount, or 100%, of the Original
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any of the Exchange Notes or any other
security, and shall not constitute an offer, solicitation or sale in any
jurisdiction in which or to any persons to whom such offering,
solicitation or sale would be unlawful. The Exchange Offer was made only
pursuant to the company's prospectus dated February 16, 2010, which was
filed with the Securities and Exchange Commission as part of the
company's Registration Statement on Form S-4.
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
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.