CORRESP 120 filename120.htm CORRESPONDENCE - Exxon Letter

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April 2, 2019

Correspondence Filing Via EDGAR

United States Securities and Exchange Commission

Division of Corporation Finance

100 F Street, N.E.

Washington, DC 20549

 

Attention:

Justin Dobbie, Legal Branch Chief

 

Re:

TransDigm UK Holdings plc

TransDigm Inc.

TransDigm Group Incorporated

Registration Statement on Form S-4

Filed April 2, 2019

Ladies and Gentlemen:

On the date hereof, TransDigm UK Holdings plc, a public limited company incorporated under the laws of England and Wales (the “Issuer”), and TransDigm Inc., TransDigm Group Incorporated, Acme Aerospace, Inc., Adams Rite Aerospace, Inc., AeroControlex Group, Inc., Aerosonic LLC, Airborne Acquisition, Inc., Airborne Global, Inc., Airborne Holdings, Inc., Airborne Systems NA Inc., Airborne Systems North America Inc., Airborne Systems North America of CA Inc., Airborne Systems North America of NJ Inc., AmSafe, Inc., AmSafe Global Holdings, Inc., Arkwin Industries, Inc., Aviation Technologies, Inc., Avionic Instruments LLC, Avionics Specialties, Inc., AvtechTyee, Inc., Beta Transformer Technology Corporation, Beta Transformer Technology LLC, Breeze-Eastern LLC, Bridport-Air Carrier, Inc., Bridport Erie Aviation, Inc., Bridport Holdings, Inc., Bruce Aerospace Inc., CDA InterCorp LLC, CEF Industries, LLC, Champion Aerospace LLC, Data Device Corporation, Dukes Aerospace, Inc., Electromech Technologies LLC, Extant Components Group Holdings, Inc., Extant Components Group Intermediate, Inc., HarcoSemco LLC, Hartwell Corporation, ILC Holdings, Inc., Johnson Liverpool LLC, Kirkhill Inc., MarathonNorco Aerospace, Inc., McKechnie Aerospace DE, Inc., McKechnie Aerospace Holdings, Inc., McKechnie Aerospace US LLC, North Hills Signal Processing Corp., North Hills Signal Processing Overseas Corp., Pexco Aerospace, Inc., PneuDraulics, Inc., Schneller LLC, Semco Instruments, Inc., Shield Restraint Systems, Inc., Skandia, Inc., Skurka Aerospace Inc., Symetrics Industries, LLC, Symetrics Technology Group, LLC, Tactair Fluid Controls, Inc., TEAC Aerospace Holdings, Inc., TEAC Aerospace Technologies, Inc., Telair International LLC, Telair US LLC, Texas Rototronics, Inc., Transicoil


LLC, Whippany Actuation Systems, LLC, Young & Franklin Inc., Esterline Technologies Corporation, Souriau USA, Inc., Esterline International Company, Leach Holding Corporation, Leach International Corporation, Leach Technology Group, Inc., TA Aerospace Co., Esterline US LLC, CMC Electronics Aurora LLC, Advanced Input Devices, Inc., Esterline Europe Company LLC, Esterline Georgia US LLC, Esterline Federal LLC, Angus Electronics Co., Avista, Incorporated, Esterline Sensors Services Americas, Inc., Esterline Technologies SGIP LLC, Hytek Finishes Co., Janco Corporation, Mason Electric Co., NMC Group Inc., Norwich Aero Products, Inc., Palomar Products, Inc., 17111 Waterview Pkwy LLC, Korry Electronics Co., Memtron Technologies Co., Sunbank Family of Companies LLC, Joslyn Sunbank Company, LLC, Armtec Defense Products Co., Armtec Countermeasures Co., Armtec Countermeasures TNO Co., Racal Acoustics, Inc. and Gamesman Inc. (collectively, the “Guarantors” and, together with the Issuer, the “Registrants”) filed with the Securities and Exchange Commission (the “Commission”) the Registration Statement on Form S-4 relating to the offer to exchange (the “Exchange Offer”) up to $500,000,000 aggregate principal amount of the Issuer’s 6.875% Senior Subordinated Notes due 2026 (the “Exchange Notes”) registered under the Securities Act of 1933 (the “Securities Act”), for any and all of the Company’s outstanding 6.875% Senior Subordinated Notes due 2026, which were issued on May 8, 2018.

The Registrants are registering the Exchange Offer in reliance on the Commission staff’s position enunciated in the letters issued to Exxon Capital Holdings Corporation (available May 13, 1988), Morgan Stanley & Co. Incorporated (available June 5, 1991) and Shearman & Sterling (available July 2, 1993). In accordance with the Commission staff’s position set forth in those letters, the Registrants make the following representations to the Commission:

 

1.

The Registrants have not entered into any arrangement or understanding with any person to distribute the Exchange Notes to be received in the Exchange Offer and, to the best of the Registrants’ information and belief, each person participating in the Exchange Offer is acquiring the Exchange Notes in its ordinary course of business and has no arrangement or understanding to participate in the distribution of the Exchange Notes to be received in the Exchange Offer.

 

2.

The Registrants will make each participant in the Exchange Offer aware (through the Exchange Offer prospectus or otherwise) that if such person is using the Exchange Offer to participate in the distribution of the Exchange Notes to be acquired in the Exchange Offer, such person (a) cannot rely on the Commission staff’s position enunciated in Exxon Capital Holdings Corporation or similar letters and (b) must comply with the registration and prospectus delivery requirements of the Securities Act in connection with a secondary resale transaction. The Registrants acknowledge that such a secondary resale transaction should be covered by an effective registration statement containing the selling stockholder information required by Item 507 of Regulation S-K promulgated under the Securities Act.

 

3.

The Registrants will make each participant in the Exchange Offer aware (through the Exchange Offer prospectus or otherwise) that (a) by executing the letter of transmittal or similar documentation, any such broker-dealer represents that it will deliver a prospectus meeting the requirements of the Securities Act in connection with any resale of Exchange Notes received in respect of such existing securities pursuant to the Exchange Offer and


(b) any such broker-dealer must confirm that it has not entered into any arrangement or understanding with the Registrants or an affiliate of the Registrants to distribute Exchange Notes. The Registrants will include in the letter of transmittal or similar documentation a statement to the effect that by so acknowledging and by delivering a prospectus, a broker-dealer will not be deemed to admit that it is an “underwriter” within the meaning of the Securities Act.


The Registrants will include, in the transmittal letter or similar documentation to be executed by the exchange offeree in order to participate in the Exchange Offer, representations to the effect that (a) the exchange offeree is acquiring the Exchange Notes in its ordinary course of business; (b) by accepting the Exchange Offer, the exchange offeree represents that it is not engaged in, does not intend to engage in and has no arrangement or understanding with any person to participate in a distribution of the Exchange Notes; and (c) the offeree is not an “affiliate” of the Registrants within the meaning of Rule 405 under the Securities Act.

*        *        *

Very truly yours,


TRANSDIGM UK HOLDINGS PLC
By:   /s/ Jonathan D. Crandall
  Name: Jonathan D. Crandall
  Title:   Director
TRANSDIGM INC.
By:   /s/ Michael J. Lisman
  Name: Michael J. Lisman
  Title:   Chief Financial Officer
TRANSDIGM GROUP INCORPORATED
By:   /s/ Michael J. Lisman
  Name: Michael J. Lisman
  Title    Chief Financial Officer

[Signature Page to Exxon Letter]


ACME AEROSPACE, INC.
ARKWIN INDUSTRIES, INC.
AVTECHTYEE, INC.
BETA TRANSFORMER TECHNOLOGY CORPORATION
BETA TRANSFORMER TECHNOLOGY LLC
    By:  

Beta Transformer Technology Corporation, as its sole member

BRUCE AEROSPACE INC.

DATA DEVICE CORPORATION

DUKES AEROSPACE, INC.
EXTANT COMPONENTS GROUP HOLDINGS, INC.
EXTANT COMPONENTS GROUP INTERMEDIATE, INC.
JOHNSON LIVERPOOL LLC
    By:   Young & Franklin Inc., its sole member
NORTH HILLS SIGNAL PROCESSING CORP.
NORTH HILLS SIGNAL PROCESSING OVERSEAS CORP.
PEXCO AEROSPACE, INC.
PNEUDRAULICS, INC.
SEMCO INSTRUMENTS, INC.
SKANDIA, INC.
SYMETRICS INDUSTRIES, LLC
    By:   Symetrics Technology Group, LLC, its sole member
    By:   Extant Components Group Intermediate, Inc., its sole member
SYMETRICS TECHNOLOGY GROUP, LLC
TACTAIR FLUID CONTROLS, INC.
TEAC AEROSPACE HOLDINGS, INC.
TEXAS ROTRONICS, INC.
YOUNG & FRANKLIN INC.
By:   /s/ Michael J. Lisman
  Name: Michael J. Lisman
  Title:   Chief Executive Officer
AEROCONTROLEX GROUP, INC.
By:   /s/ Michael J. Lisman
  Name: Michael J. Lisman
  Title:   President and Chief Executive Officer

[Signature Page to Exxon Letter]


AEROSONIC LLC

AVIONIC INSTRUMENTS LLC

BREEZE-EASTERN LLC

CDA INTERCORP LLC

CEF INDUSTRIES, LLC

CHAMPION AEROSPACE LLC

HARCOSEMCO LLC

SCHNELLER LLC

TELAIR US LLC

TELAIR INTERNATIONAL LLC

    By: 

 

Telair US LLC, as its sole member

WHIPPANY ACTUATION SYSTEMS, LLC

    Each by: TransDigm Inc., its sole member
    By:    /s/ Michael J. Lisman
  Name: Michael J. Lisman
  Title:   Chief Financial Officer

AIRBORNE SYSTEMS NA INC.

AIRBORNE SYSTEMS NORTH AMERICA INC.

AVIONICS SPECIALTIES, INC.
ILC HOLDINGS, INC.
MCKECHNIE AEROSPACE HOLDINGS, INC.
    By:    /s/ Michael J. Lisman
  Name: Michael J. Lisman
  Title:   President
BRIDPORT ERIE AVIATION, INC.
    By:    /s/ Jonathan D. Crandall
  Name: Jonathan D. Crandall
  Title:   Chairman of the Board of Directors and             President
AIRBORNE SYSTEMS NORTH AMERICA OF CA INC.
KIRKHILL INC.
TEAC AEROSPACE TECHNOLOGIES, INC.
    By:    /s/ Jonathan D. Crandall
  Name: Jonathan D. Crandall
  Title:   Treasurer

[Signature Page to Exxon Letter]


ADAMS RITE AEROSPACE, INC.
AIRBORNE SYSTEMS NORTH AMERICA OF NJ INC.
AMSAFE GLOBAL HOLDINGS, INC.
AMSAFE, INC.
HARTWELL CORPORATION
MARATHONNORCO AEROSPACE, INC.
SHIELD RESTRAINT SYSTEMS, INC.
SKURKA AEROSPACE INC.
    By:   /s/ Michael J. Lisman
  Name: Michael J. Lisman
 

Title:   Chairman of the Board of Directors and

            Chief Executive Officer

ELECTROMECH TECHNOLOGIES LLC

    By:

 

McKechnie Aerospace US LLC, its sole member

    By:

 

McKechnie Aerospace DE, Inc., its sole member

MCKECHNIE AEROSPACE DE, INC.
MCKECHNIE AEROSPACE US LLC
    By:   McKechnie Aerospace DE, Inc., its sole member
    By:   /s/ Michael J. Lisman
  Name: Michael J. Lisman
  Title:   Chairman of the Board of Directors,             President and Chief Executive Officer
AIRBORNE ACQUISITION, INC.
AIRBORNE GLOBAL, INC.
AIRBORNE HOLDINGS, INC.
AVIATION TECHNOLOGIES, INC.
BRIDPORT-AIR CARRIER, INC.
BRIDPORT HOLDINGS, INC.
TRANSICOIL LLC
    By:   Aviation Technologies, Inc., its sole member
    By:   /s/ Michael J. Lisman
  Name: Michael J. Lisman
  Title:   Chief Executive Officer and President

[Signature Page to Exxon Letter]


SOURIAU USA, INC.
LEACH INTERNATIONAL CORPORATION
TA AEROSPACE CO.
CMC ELECTRONICS AURORA LLC
ADVANCED INPUT DEVICES, INC.
ESTERLINE GEORGIA US LLC
ESTERLINE FEDERAL LLC
AVISTA, INCORPORATED
ESTERLINE SENSORS SERVICES AMERICAS, INC.
HYTEK FINISHES CO.
MASON ELECTRIC CO.
NMC GROUP, INC.
NORWICH AERO PRODUCTS, INC.
PALOMAR PRODUCTS, INC.
KORRY ELECTRONICS CO.
MEMTRON TECHNOLOGIES CO.
JOSLYN SUNBANK COMPANY, LLC
ARMTEC DEFENSE PRODUCTS CO.
ARMTEC COUNTERMEASURES CO.
ARMTEC COUNTERMEASURES TNO CO.
GAMESMAN INC.
ESTERLINE INTERNATIONAL COMPANY
LEACH HOLDING CORPORATION
LEACH TECHNOLOGY GROUP, INC.
ESTERLINE US LLC
ESTERLINE EUROPE COMPANY LLC
ANGUS ELECTRONICS CO.
JANCO CORPORATION
SUNBANK FAMILY OF COMPANIES, LLC
RACAL ACOUSTICS, INC.

ESTERLINE TECHNOLOGIES CORPORATION

17111 WATERVIEW PKWY LLC

    By:    Esterline Technologies Corporation, its sole member
ESTERLINE TECHNOLOGIES SGIP LLC
    By:    Esterline Technologies Corporation, its sole member
    By:    /s/ Jonathan D. Crandall
  Name: Jonathan D. Crandall
  Title:   Treasurer

 

cc:

Christopher M. Kelly, Esq. (Jones Day)

Michael J. Solecki, Esq. (Jones Day)

[Signature Page to Exxon Letter]