Triumph Group Credit Agreement

Triumph Group Credit Agreement

The company took 688.5 million euros. $335.6 million was used to repay and reprocess outstanding loans and other amounts under their revolving credit facility, and the remainder was used to insure letters of credit issued under the revolving credit facility and existing cash management commitments, accrued interest, expenses and expenses, and increased available corporate liquidity for general purposes. With respect to the repayment of its revolving credit facility, the Company has also terminated all of its commitments under this facility. View original content:www.prnewswire.com/news-releases/triumph-group-completes-refinancing-transactions-30113443.html BERYWN, Pa., August 17, 2020 /PR/ — Triumph Group, Inc. (NYSE: TGI) (“Triumph” or “The Company”) today announced the completion of a series of strategic refinancing transactions, including the closing of the $700.0 million offer of the $8.0 million offer875% of its first mortgage bonds guaranteed at 8.875%, maturing in 2024 (the “notes”), the repayment and closing of their revolving credit facility and changes to their refinancing facility. BERWYN, Pa., September 9, 2019 /PRNewswire/ — Triumph Group, Inc. (“Triumph”) (NYSE:TGI) today announced the pricing of its previously announced $525 million offer for a total of $525 million of preferred secured bonds (the “ratings”). The bonds have an interest rate of 6.25% per annum and are issued at a price equivalent to 100% of their face value. The bonds are issued by Triumph and are guaranteed on a full basis, priority, common and multiple of each of Triumph`s restricted national subsidiaries, which is a borrower under the triumphant credit facility or which guarantees the debts of Triumph or one of its limited national subsidiaries as part of its credit facility, and in the future guaranteed by one of Triumph`s restricted national subsidiaries, which are borrowers under a credit facility or guarantee the debts of Triumph or their limited national subsidiaries. Debt securities and guarantees are secured by second-priority mortgages on all Triumph assets and subsidiary guarantees, subject to authorized pawn rights, which insure all debt under Triumph`s credit facility and certain collateral and cash management obligations. Triumph Group [NYSE:TGI] (“Triumph” or “the company”) announced today that President and Chief Executive Officer Daniel J. Crowley has entered into a new five-year employment contract with the company until November 17, 2025, continuing his role since January 2016.

For more information about Triumph, visit the company`s website at www.triumphgroup.com. Triumph intends to use the net proceeds of the offer to cash in its senior ratings of 4.875% in 2021, repay the outstandings of its credit facility and pay fees and expenses. The offer is expected to close on September 23, 2019 under the usual conditions until closing. WAYNE, Pa.— (BUSINESS WIRE) -Triumph Group, Inc. (NYSE:TGI) today announced an amendment to its existing revolving credit contract, which has increased the size, changes to the rate structure and extended the term to five years. The change increased the company`s secured revolving credit facility from $535 million to $850 million with a $50 million accordion functionality and extended its maturity to April 5, 2016. The change leads to a more favourable price grid and a lighter set of alliances and restrictions. The Company intends to use the facility to immediately withdraw its $350 million term loan B for the purposes of capital-work, internal growth initiatives, financing of future acquisitions and other general corporate objectives. Triumph Group, Inc.Sheila Spagnolo, Vice President610-251-1000sspagnolo@triumphgroup.com Richard C. Ill, President and CEO of Triumph, said: “We are very pleased with the change in our banking facility.

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