TransDigm board authorizes special dividend of $22 per share TransDigm Group announced that its wholly-owned subsidiary, TransDigm, received the funding of an additional incremental term loan of $900M at a current interest rate of approximately 3.8% and that it has successfully completed its previously announced offering of $500M aggregate principal amount of 7.5% senior subordinated notes due 2021. These transactions yield an approximate weighted average current interest rate of 5% on the new debt, modestly lower than our existing debt...TransDigm Group also announced that its board of directors has authorized and declared a special cash dividend of $22 on each outstanding share of common stock and cash dividend equivalent payments under certain of its stock option plans. The record date for the special dividend is July 15 , and the payment date for the dividend is July 25.
TransDigm price target raised to $225 from $194 at UBS UBS raised its price target on TransDigm to $225 from $194 following its acquisition of Telair and a more positive view of the company's aftermarket growth due to lower fuel prices. UBS reiterated its Buy rating and lowered its estimated dividend return to $20 from $25 on TransDigm shares.