CLEVELAND, July 20 /PRNewswire-FirstCall/ -- TransDigm Inc., a wholly- owned subsidiary of TransDigm Group Incorporated , announced today that it has commenced an offer to exchange up to $300 million aggregate principal amount of 7 3/4% senior subordinated notes due 2014, which have been registered under the Securities Act of 1933, as amended, for an equal principal amount of its outstanding unregistered 7 3/4% senior subordinated notes due 2014 that were issued on February 7, 2007.
The exchange offer will expire at 5:00 p.m., New York City time, on August 17, 2007, unless otherwise extended or earlier terminated. The Bank of New York Trust Company, N.A., has been appointed as exchange agent for the exchange offer.
A registration statement relating to the exchange offer was filed with and declared effective by the Securities and Exchange Commission. The exchange offer is being made solely by means of a prospectus. This press release shall not constitute an offer to exchange or a solicitation of acceptance of the offer to exchange. A copy of the final prospectus related to the exchange offer and the related letter of transmittal may be obtained from The Bank of New York Trust Company, N.A., Corporate Trust Operations, Reorganization Unit, 101 Barclay Street, Floor 7 East, New York, New York 10286, Attention: Mrs. Carolle Montreuil.
Safe Harbor for Forward-Looking and Cautionary Statements
Statements in this press release which are not historical facts are forward-looking statements under the provisions of the Private Securities Litigation Reform Act of 1995, including expectations of future performance, profitability, growth and earnings. All statements other than statements of historical fact that address activities, events or developments that we expect, believe or anticipate will or may occur in the future are forward- looking statements. We have identified some of these forward-looking statements with words like "believe," "may," "will," "should," "expect," "intend," "plan," "predict," "anticipate," "estimate" or "continue" and other words and terms of similar meaning. All forward-looking statements involve risks and uncertainties which could affect TransDigm Group Incorporated's actual results and could cause its actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, TransDigm Group Incorporated. These risks and uncertainties include but are not limited to: future terrorist attacks; a decrease in flight hours and our customers' profitability, both of which are impacted by general economic conditions; our substantial indebtedness; our reliance on certain customers; our fixed price contracts; the U.S. defense budget and risks associated with being a government supplier; failure to maintain government or industry approvals; the pricing review to which certain of our divisions and subsidiaries have been subject; failure to complete or successfully integrate acquisitions; future sales of common stock in the market caused by the substantial amount of stock held by affiliates; and other factors. Further information regarding the important factors that could cause actual results to differ materially from projected results can be found in TransDigm Inc.'s Registration Statement on Form S-4 that has been declared effective by the Securities and Exchange Commission and in the reports that TransDigm Group Incorporated has filed with the Securities and Exchange Commission. Except as required by law, neither TransDigm Group Incorporated nor TransDigm Inc. undertakes any obligation to revise or update the forward-looking statements contained in this press release.
About TransDigm Group
TransDigm Group Incorporated, through its wholly-owned subsidiaries, including TransDigm Inc., is a leading global designer, producer and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft in service today. Major product offerings, substantially all of which are ultimately provided to end-users in the aerospace industry, include ignition systems and components, gear pumps, mechanical/electro- mechanical actuators and controls, NiCad batteries/chargers, power conditioning devices, hold-open rods and locking devices, engineered connectors, engineered latches and cockpit security devices, lavatory hardware and components, specialized AC/DC electric motors, aircraft audio systems, specialized cockpit displays and specialized valving.
