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TransDigm Secures $1.55B Loan
TransDigm Group has secured a $1.55 billion term loan to cut costs.
TransDigm Grouphas secured a$1.55 billion term loan to cut costs,Bloombergreports. Thesix yearloan was arranged byCredit Suissefor the Cleveland-based company.
TransDigmdevelops, distributes and manufactures commercial as well as military aerospace components, such as mechanical actuators and ignition systems. It will have to pay one cent more than face value to refinance the debt during its first year.
Click here for the story fromBloomberg.