BERWYN, Pa.--(BUSINESS WIRE)--May 19, 2014--
Triumph Group, Inc. (“Triumph”) (NYSE:TGI) today announced that
it intends to offer $300 million in aggregate principal amount of senior
notes due 2022 (the “Notes”). The company intends to use the net
proceeds of the offering, together with other sources, to redeem the
outstanding principal amount of its 8.625% senior Notes due 2018 and pay
related fees and expenses.
The Notes will be 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. No assurance can be given that the offering
will be completed or, if completed, as to the terms on which it is
completed. The Notes to be offered 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 Berwyn, Pennsylvania, designs,
engineers, manufactures, repairs and overhauls a broad portfolio of
aerostructures, aircraft components, accessories, subassemblies and
systems. 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 company’s website at 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 Triumph Group’s reports filed with the SEC, including our
Annual Report on Form 10-K for the fiscal year ended March 31, 2014.
Source: Triumph Group, Inc.
Triumph Group, Inc.
Sheila G. Spagnolo, 610-251-1000
President-Tax & Investor Relations