Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities LLC, in connection with the offering by Triumph Group, Inc. (“Triumph”) of $525 million aggregate principal amount of 6.25% Senior Secured Notes due 2024 pursuant to Rule 144A and Regulation S. The offering closed on September 23, 2019. Triumph intends to use the proceeds from the notes offering to redeem its outstanding 4.875% senior notes due 2021, to repay amounts outstanding under its credit facilities and to pay fees and expenses.
Triumph designs, engineers, manufactures, repairs and overhauls a broad portfolio of aerospace and defense systems, components and structures, serving the global aviation industry, including original equipment manufacturers, and the full spectrum of military and commercial aircraft operators.
The Simpson Thacher team included, among others, Lesley Peng, Brian Rosenzweig, Matt Hart, Richie Ragusa, Minzala Mvula and Michael Paparozzi (Capital Markets); Jon Pall and Benjamin Dye (Collateral); Jonathan Cantor and Brian Mendick (Tax); Michael Isby (Environmental); Monisha Bhayana (Executive Compensation and Employee Benefits); Melanie Jolson (Intellectual Property); and Andrew Pagliughi (Blue Sky).