This excerpt taken from the TDG 10-K filed Nov 28, 2006.
TD Group Loan Facility
On November 10, 2005, certain lenders made loans to TD Group in an aggregate principal amount of $200 million, and on such date and after giving effect to the fees and expenses paid in connection with the consummation of such transactions, TD Group received aggregate net proceeds of approximately $193.8 million. On November 10, 2005, TD Group used the net proceeds received from TD Groups loan facility, or the TD Group Loan Facility, together with substantially all of the proceeds received from the dividend payment from TransDigm Holdings described above to (i) prepay the entire outstanding principal amount and all accrued and unpaid interest on the 12% senior unsecured promissory notes, with all such payments totaling approximately $262.7 million, and (ii) make certain distributions under the Rollover Deferred Compensation Plan and the Management Deferred Compensation Plan, with the aggregate distributions that were made under such deferred compensation plans totaling approximately $26.0 million.
The TD Group Loan Facility was to mature in November 2011. The principal amount of the indebtedness outstanding under the TD Group Loan Facility was not amortized and, therefore, the entire balance thereof would have been payable upon maturity in November 2011, subject to certain required prepayment events.
Upon consummation of the refinancing in June 2006, the entire $200 million outstanding under the TD Group Loan Facility, together with all accrued and unpaid interest thereon and all other amounts payable thereunder, was repaid.
This excerpt taken from the TDG 10-Q filed Aug 15, 2006.
TD Group Loan Facility
In connection with the closing of the TD Group Loan Facility, on November 10, 2005, TransDigm Inc. and TransDigm Holdings entered into an amendment to its former senior loan facility, which, among other things, authorized the payment of the cash dividends and one-time special bonus payments described elsewhere in this Quarterly Report (see Recent
Developments Dividend and Bonus Payments). The TD Group Loan Facility was unsecured and was not guaranteed by TransDigm Holdings or any of its direct or indirect subsidiaries, including TransDigm Inc. The TD Group Loan Facility was repaid in the refinancing in June 2006.