TRANSDIGM GROUP INC : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant (form 8-K)
July 24, 2020 at 02:05 pm EDT
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Item 1.01. Entry into a Material Definitive Agreement.
On July 22, 2020, TransDigm Inc. and its subsidiary, TransDigm Receivables LLC,
and the lenders under TransDigm's accounts receivable securitization facility
originated in October 2013 (the "Securitization Facility") amended the
Securitization Facility pursuant to a Twelfth Amendment to the Receivables
Purchase Agreement. Among other things, the amendment to the Securitization
extends the maturity date to July 27, 2021, and accounts for certain changes in
law and market practice since the Eleventh Amendment to the Receivables Purchase
Agreement. As of June 27, 2020, the Company had borrowed $350 million under the
Securitization Facility. The Securitization Facility is collateralized by
substantially all of the Company's domestic operations' trade accounts
receivable.
The foregoing summary of the amendment to the Securitization Facility does not
purport to be complete and is subject to, and qualified in its entirety by, the
full text of the Twelfth Amendment to the Receivables Purchase Agreement.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance
Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 regarding the Securitization Facility is
incorporated by reference into this Item 2.03.
TransDigm Group Inc. specializes in the design, manufacturing and marketing of aerospace systems and components. Net sales break down by family of products as follows:
- engine components and control systems (50.3%): mechanical and electromechanical actuators and control systems, pumps and engine control systems, power regulators, ignition systems, thermal management systems, fluid management systems, batteries and power supply systems, motion sensors, data recording, analysis and processing systems, etc. The group also offers winches, lifting systems and cargo handling systems;
- cabin systems and equipment (47%): cockpit safety components and systems, locking systems and devices, connectors, audio control systems, specialized sanitary equipment, seat belts and safety devices, interior fittings (seats, display systems, on-board entertainment systems, etc.) lighting systems, parachutes, freight delivery systems, etc. ;
- other (2.7%): non-aeronautical systems and equipment.
At the end of September 2023, the group operated approximately 100 production sites worldwide.
The United States accounts for 64.8% of net sales.
TRANSDIGM GROUP INC : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant (form 8-K)
TRANSDIGM GROUP INC. 
