-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QadazaTQ7ZcT5oKJH5zBhj5DFu1fnKyMTCnsd+I/Oo+rycJJ5jyjNhGzGxp7DZ3f YhW0tpZwTyhqtwhPDSZLhg== 0001104659-06-037870.txt : 20060526 0001104659-06-037870.hdr.sgml : 20060526 20060526144442 ACCESSION NUMBER: 0001104659-06-037870 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060525 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060526 DATE AS OF CHANGE: 20060526 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TRANSDIGM INC CENTRAL INDEX KEY: 0001077670 STANDARD INDUSTRIAL CLASSIFICATION: AIRCRAFT PART & AUXILIARY EQUIPMENT, NEC [3728] IRS NUMBER: 341750032 FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-108340 FILM NUMBER: 06870259 BUSINESS ADDRESS: STREET 1: 1301 EAST 9TH STREET STREET 2: SUITE 3710 CITY: CLEVELAND STATE: OH ZIP: 44114 BUSINESS PHONE: 2167062939 MAIL ADDRESS: STREET 1: 1301 EAST 9TH STREET STREET 2: SUITE 3710 CITY: CLEVELAND STATE: OH ZIP: 44114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TRANSDIGM HOLDING CO CENTRAL INDEX KEY: 0001077672 STANDARD INDUSTRIAL CLASSIFICATION: AIRCRAFT PART & AUXILIARY EQUIPMENT, NEC [3728] IRS NUMBER: 133733378 FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-108340-06 FILM NUMBER: 06870260 BUSINESS ADDRESS: STREET 1: 1301 EAST 9TH STREET STREET 2: SUITE 3710 CITY: CLEVELAND STATE: OH ZIP: 44114 BUSINESS PHONE: 2167062932 MAIL ADDRESS: STREET 1: 1301 EAST 9TH STREET STREET 2: SUITE 3710 CITY: CLEVELAND STATE: OH ZIP: 44114 8-K 1 a06-12734_28k.htm CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): May 25, 2006

 


 

TransDigm Inc.

 

TransDigm Holding Company

(Exact name of registrant as specified in its charter)

 

(Exact name of registrant as specified in its charter)

 

 

 

Delaware

 

Delaware

(State or other jurisdiction of incorporation)

 

(State or other jurisdiction of incorporation)

 

 

 

333-108340

 

333-108340-06

(Commission File Number)

 

(Commission File Number)

 

 

 

34-1750032

 

13-3733378

(I.R.S. Employer Identification No.)

 

(I.R.S. Employer Identification No.)

 


 

1301 East 9th Street, Suite 3710, Cleveland, Ohio 44114

(216) 706-2939

(Address of principal executive offices and telephone number)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 




Item 8.01               Other Events

On May 25, 2006, TransDigm Inc. (the “Company”) announced an offer to purchase for cash (the “Offer”) any and all of its $400,000,000 aggregate principal amount of outstanding 8 3/8% Senior Subordinated Notes due 2011 (the “Notes”) on the terms and subject to the conditions set forth in its Offer to Purchase and Consent Solicitation Statement and the related Consent and Letter of Transmittal, each dated May 25, 2006. In connection with the Offer, the Company is soliciting consents (the “Consent Solicitation”) to, among other things, eliminate substantially all of the restrictive covenants and certain events of default contained in the indenture governing the Notes.

The Offer is scheduled to expire at midnight, New York City time, on June 22, 2006, unless otherwise extended or earlier terminated.

A copy of the press release announcing, among other things, the Offer and the Consent Solicitation is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01               Financial Statements and Exhibits

(d)           Exhibits

The following exhibit is being filed with this Current Report on Form 8-K:

99.1                         Press Release of TransDigm Inc. dated May 25, 2006.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Co-Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: May 26, 2006

 

 

 

TRANSDIGM INC.

 

 

 

 

By:

/s/ Gregory Rufus

 

 

Name: Gregory Rufus

 

 

Title: Executive Vice President and Chief

 

 

Financial Officer

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Co-Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: May 26, 2006

 

 

 

TRANSDIGM HOLDING COMPANY

 

 

 

 

By:

/s/ Gregory Rufus

 

 

Name: Gregory Rufus

 

 

Title:Executive Vice President and Chief

 

 

Financial Officer

 

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EXHIBIT INDEX

Exhibit Number

 

Description

 

 

 

 

 

99.1

 

Press Release of TransDigm Inc. dated May 25, 2006.

 



EX-99.1 2 a06-12734_2ex99d1.htm EX-99

EXHIBIT 99.1

 

TransDigm Inc. Commences Tender Offer and
Consent Solicitation With Respect to Outstanding 8 3/8% Senior Subordinated Notes Due 2011

CLEVELAND, May 25 /PRNewswire-FirstCall/—TransDigm Inc., a wholly-owned subsidiary of TransDigm Group Incorporated (NYSE: TDG), announced today that it has commenced a cash tender offer to purchase any and all of its $400,000,000 aggregate principal amount of outstanding 8 3/8% Senior Subordinated Notes due 2011. In connection with the tender offer, TransDigm Inc. is soliciting consents to, among other things, eliminate substantially all of the restrictive covenants and certain events of default contained in the indenture governing the notes. The tender offer and the consent solicitation are being made upon the terms and subject to the conditions set forth in the offer to purchase and consent solicitation statement and the related consent and letter of transmittal, each dated May 25, 2006.

The tender offer is scheduled to expire at midnight New York City time, on June 22, 2006, unless extended. The total consideration for each $1,000 aggregate principal amount of notes accepted for payment, and for the related consents, will be the present value on the applicable payment date of future cash flows on the notes up to and including July 15, 2006, based on the assumption that the notes will be redeemed at a price of $1,062.81 per $1,000 principal amount on such date, discounted at a rate equal to 50 basis points over the yield to maturity on the 7.0% U.S. Treasury Note due July 15, 2006. The total consideration for notes tendered, and for the related consents, if such notes are tendered on or prior to the consent date of 5:00 p.m., New York City time, on June 8, 2006, unless such date is extended, and such notes are accepted for payment by the Company, includes a consent payment of $30.00 per $1,000 aggregate principal amount of notes. Holders who tender notes after the consent date will not receive the consent payment. Holders who tender notes that are accepted for payment and purchased by TransDigm Inc. also will be paid accrued and unpaid interest up to, but not including, the payment date. Tendered notes may not be withdrawn and consents may not be revoked after the consent date.

The dealer manager and solicitation agent will determine the actual pricing, based on the foregoing, on June 9, 2006, although this price determination date may be extended by TransDigm Inc. TransDigm Inc. will publicly announce the pricing information by issuing a press release prior to 9:00 a.m., New York City time, on the day following the price determination date.

TransDigm Inc. expects to pay for any notes purchased pursuant to the tender offer and consent solicitation on a date promptly following the expiration of the tender offer. In conjunction with the tender offer and consent solicitation, TransDigm Inc. intends to refinance all of the indebtedness outstanding under its existing senior secured credit facilities and a loan agreement under which TransDigm Group Incorporated is the borrower. To finance the tender offer, the consent solicitation and the other refinancing transactions referred to above and to pay related fees and expenses, TransDigm Inc. intends to (a) enter into new senior secured credit facilities, (b) issue and sell senior subordinated notes pursuant to the terms of a new indenture and (c) use a portion of its available cash balances, as described in the offer to purchase and consent solicitation statement.




 

Holders may not tender notes without delivering consents and may not deliver consents without tendering notes. The obligation of TransDigm Inc. to accept for payment and purchase the notes in the tender offer, and pay for the related consents, is conditioned on, among other things, the consummation of the financing transactions described above.

This announcement is neither an offer to purchase, nor a solicitation of an offer to purchase, nor a solicitation of tenders or consents with respect to, any notes. The tender offer and the consent solicitation are being made solely pursuant to the offer to purchase and consent solicitation statement and the related letter of transmittal.

The Company has retained Credit Suisse Securities (USA) LLC to serve as the dealer manager and solicitation agent for the tender offer and the consent solicitation. Questions regarding the tender offer and the consent solicitation may be directed to Credit Suisse Securities (USA) LLC at (800) 820-1653 (toll free) or (212) 538-0652 (collect). Requests for documents in connection with the tender offer and the consent solicitation may be directed to Mackenzie Partners, Inc., the information agent for the tender offer and the consent solicitation, at (800) 322-2885 (toll free) or (212) 929-5500 (collect).

Safe Harbor for Forward-Looking and Cautionary Statements

Certain statements in this press release are forward-looking statements. These statements involve a number of risks, uncertainties and other factors that could cause actual results, performance or achievements of TransDigm Group Incorporated to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Statements regarding the tender offer, the consent solicitation and the other refinancing transactions, as well as any other statements that are not historical facts in this press release are forward-looking statements that involve certain risks, uncertainties and assumptions. These include, but are not limited to, general market conditions, whether the conditions to the closing of the tender offer and consent solicitation are satisfied (including whether the financing transactions described in the offer to purchase and consent solicitation statement are consummated) and other factors detailed in the filings made by TransDigm Group Incorporated and TransDigm Inc. with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. Except as required by applicable law, neither TransDigm Group Incorporated nor TransDigm Inc. undertakes any duty to update these forward-looking statements due to new information or as a result of future events.

About TransDigm Group

TransDigm Group Incorporated, through its wholly-owned subsidiaries, including TransDigm Inc., is a leading global designer, producer and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft in service today. Major product offerings, substantially all of which are ultimately provided to end-users in the aerospace industry, include ignition systems and components, gear pumps, mechanical/electro- mechanical actuators and controls, NiCad batteries/chargers, power conditioning devices, hold-open rods and locking

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devices, engineered connectors, engineered latches and cockpit security devices, lavatory hardware and components, specialized AC/DC electric motors and specialized valving.

CONTACT:

Investor Relations

216.706.2945

ir@transdigm.com

 

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