Simpson Thacher represented J.P. Morgan Securities LLC and the other initial purchasers in connection with the offering by Triumph Group, Inc. (“Triumph”) of $500 million aggregate principal amount of 7.75% Senior Notes due 2025 pursuant to Rule 144A and Regulation S. The offering closed on August 17, 2017. Triumph intends to use the proceeds from the notes offering to repay amounts outstanding under its credit facilities and to pay fees and expenses.
Triumph designs, engineers, manufactures, repairs, overhauls and distributes a broad portfolio of aerostructures, aircraft components, accessories, subassemblies and systems to the aviation industry.
The Simpson Thacher team included, among others, Art Robinson, Lesley Peng, Brian Rosenzweig, Teresa Chen, Sung Jin, Jonathan Zane and Jeffrey Wittman (Capital Markets); Jonathan Cantor and Brian Mendick (Tax); Michael Isby (Environmental); Monisha Bhayana (Executive Compensation and Employee Benefits); Linda Nyberg (Intellectual Property); and Andrew Pagliughi (Blue Sky). Summer Associate Nathalie Herrand also provided valuable assistance.