Item 1.01. Entry into a Material Definitive Agreement.
On May 24, 2021, TransDigm Inc. (“TransDigm”), a wholly-owned
subsidiary of TransDigm Group Incorporated (“TD Group”), TD Group
and certain subsidiaries of TransDigm entered into Amendment
No. 8 and Loan Modification Agreement (the “Amendment”) to,
among other things, extend the maturity date of the revolving
credit commitments and revolving loans under its existing Credit
Agreement (as defined below) to May 24, 2026. The LIBOR
interest rate per annum applicable to the revolving loans is 2.50%,
down from 3.00% prior to the Amendment. The other terms and
conditions that apply to the revolving loans are substantially the
same as the terms and conditions that applied to the revolving
loans immediately prior to the Amendment.
The Amendment amends that certain Second Amended and Restated
Credit Agreement, dated June 4, 2014 (as amended by Amendment
No. 1 to the Second Amended and Restated Credit Agreement,
dated June 9, 2016, Amendment No. 2 to the Second Amended
and Restated Credit Agreement, dated March 6, 2017, Amendment
No. 3 and Incremental Term Loan Assumption Agreement to the
Second Amended and Restated Credit Agreement, dated August 22,
2017, Amendment No. 4 and Refinancing Facility Agreement,
dated November 30, 2017, the Refinancing Facility Agreement,
dated February 22, 2018, Amendment No. 5, Incremental
Assumption Agreement and Refinancing Facility Agreement, dated
May 30, 2018, Amendment No. 6 and Incremental Revolving
Credit Assumption Agreement, dated March 14, 2019, Amendment
No. 7 and Refinancing Facility Agreement, dated
February 6, 2020 and as further amended by the Amendment, the
“Credit Agreement”), with Credit Suisse AG, as administrative agent
and collateral agent (the “Agent”), and the other agents and
lenders named therein.
The lenders and agents or their respective affiliates under the
Amendment have in the past provided, and may in the future provide,
advisory and other services to, or engage in transactions with,
TransDigm and TD Group and receive customary compensation
The above summary of the Amendment is qualified in its entirety by
reference to the Amendment, which is attached hereto as Exhibit
10.1 and is incorporated herein by reference.
Item 2.03. Creation of a Direct Financial Obligation.
The information set forth in Item 1.01 is incorporated herein by
Item 9.01. Financial Statements and Exhibits.
||Amendment No. 8 and Loan Modification
Agreement, dated as of May 24, 2021, to the Second Amended and
Restated Credit Agreement, dated as of June 4, 2014, among
TransDigm Inc., TransDigm Group Incorporated, each subsidiary of
TransDigm Inc. party thereto, the lenders party thereto, and Credit
Suisse AG, as administrative agent and collateral agent for the
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