WAYNE, Pa.--(BUSINESS WIRE)--March 9, 2001--Triumph Group, Inc.
(NYSE:TGI) today announced the public offering of 3.65 million shares
of common stock, 3,000,003 of which are being offered by Triumph and
649,997 shares being offered by a selling stockholder, at a price of
$37.50 per share.
In addition, Triumph has also granted the underwriters an option
to purchase up to an additional 450,000 shares from Triumph to cover
This offering is being managed by Deutsche Banc Alex. Brown and
Net proceeds to Triumph of approximately $106 million from the
sale of the 3,000,003 shares are expected to be used for the repayment
of indebtedness under Triumph's revolving credit facility.
Copies of the prospectus relating to this public offering may be
obtained from Deutsche Banc Alex. Brown, The Prospectus Department, 1
South Street, Baltimore, MD 21202, and from Merrill Lynch, The
Prospectus Department, 4 World Financial Center, New York, NY 10080.
Triumph Group, Inc. headquartered in Wayne, Pennsylvania, designs,
engineers, manufactures, repairs, overhauls and distributes aircraft
components. Triumph serves a broad, worldwide spectrum of the aviation
industry, including commercial airlines and air cargo carriers, as
well as original equipment manufacturers of aircraft and aircraft
components. Triumph also distributes and processes metal products.
More information about Triumph can be found on its world wide web
site at http://www.triumphgroup.com.
||Triumph Group, Inc., Wayne
||John R. Bartholdson, 610/975-0420