# EDGAR Filing Document

**Accession Number:** 0001021162
**File Stem:** 0000950170-23-005203
**Filing Date:** 2023-2
**Character Count:** 11414
**Document Hash:** 9be863fdac7b55a49c9672f1ba4c19e0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950170-23-005203.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0000950170-23-005203

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20230228

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TRIUMPH GROUP INC
- **CENTRAL INDEX KEY:** 0001021162
- **STANDARD INDUSTRIAL CLASSIFICATION:** AIRCRAFT & PARTS [3720]
- **IRS NUMBER:** 510347963
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-12235
- **FILM NUMBER:** 23687086

**BUSINESS ADDRESS:**
- **STREET 1:** 899 CASSATT ROAD
- **STREET 2:** SUITE 210
- **CITY:** BERWYN
- **STATE:** PA
- **ZIP:** 19312
- **BUSINESS PHONE:** (610) 251-1000

**MAIL ADDRESS:**
- **STREET 1:** 899 CASSATT ROAD
- **STREET 2:** SUITE 210
- **CITY:** BERWYN
- **STATE:** PA
- **ZIP:** 19312

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TRIUMPH GROUP INC /
- **DATE OF NAME CHANGE:** 19960819

?xml version="1.0" encoding="ASCII"? 8-K

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM** 8-K

**CURRENT REPORT**

**PURSUANT TO SECTION 13 OR 15(D) OF**

**THE SECURITIES EXCHANGE ACT OF 1934**

Date of Report (Date of earliest event reported): February 28, 2023

TRIUMPH GROUP, INC.

(Exact name of registrant as specified in its charter)

Delaware 1-12235 51-0347963 <br> (State or other jurisdiction ofincorporation) (Commission File Number) (IRS Employer IdentificationNo.)

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| | |
|:---|:---|
| 899 Cassatt Road**,** Suite 210**,** |  |
| Berwyn**,** Pennsylvania | 19312 |
| (Address of principal executive offices) | (Zip Code) |

---

**(**610**)** 251-1000

(Registrant's telephone number, including area code)

**Not Applicable**

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<u>see</u> General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common Stock, par value $.001 per share | TGI | New York Stock Exchange |
| Purchase Rights |  | New York Stock Exchange |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 8.01 Other Events.**

On February 28, 2023, Triumph Group, Inc. ("Triumph" or the "Company") issued a press release announcing the pricing of a private offering of $1.2 billion aggregate principal amount of 9.000% senior secured first lien notes due 2028 (the "Senior Secured Notes," and such offering, the "Senior Secured Notes Offering"). The Senior Secured Notes are guaranteed by the same guarantors that guaranty certain of Triumph's existing senior notes. The Senior Secured Notes Offering is expected to close on March 14, 2023, subject to customary closing conditions. The Company intends to use the net proceeds from the Senior Secured Notes Offering to redeem in full or otherwise acquire, including pursuant to the previously announced tender offer (the "Tender Offer") to purchase any and all of our outstanding 6.250% Senior Secured Notes due 2024 (the "Existing Second Lien Notes"), our existing 8.875% Senior Secured First Lien Notes due 2024 and Existing Second Lien Notes, including the payments of premiums and accrued interest to the redemption date and any payments of fees related to the Tender Offer. A copy of the Company's press release with respect to the Senior Secured Notes Offering is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The Senior Secured Notes are being offered and sold only to persons reasonably believed to be qualified institutional buyers, as defined in, and in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act") and to non-U.S. persons in offshore transactions outside the United States in reliance on Regulation S under the Securities Act. Neither the Senior Secured Notes nor the guarantees thereof are registered under the Securities Act or any other securities laws of any jurisdiction and will not have the benefit of any exchange offer or other registration rights. The Senior Secured Notes may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

**Item 9.01 Financial Statements and Exhibits.**

(d) Exhibits.

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| [<u>99.1</u>](tgi-ex99_1.htm) | [<u>Press release dated February 28, 2023, announcing pricing of the Senior Secured Notes Offering</u>](tgi-ex99_1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

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Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
| Date: | February 28, 2023 | TRIUMPH GROUP, INC. | TRIUMPH GROUP, INC. |
|  |  | By: | /s/ Thomas A. Quigley, III |
|  |  |  | Thomas A. Quigley, III |
|  |  |  | Vice President, Investor Relations, Mergers & Acquisitions and Treasurer |

---

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## Ex-99

**Exhibit 99.1**

![img27292495_0.jpg](img27292495_0.jpg)

**NEWS RELEASE**

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| | |
|:---|:---|
| **<u>Contact:</u>**<br>April Harper<br>Director, Marketing & Communications<br>Phone (610) 251-1000<br><u>aharper@triumphgroup.com</u> | <br>Thomas A. Quigley, III<br>VP, Investor Relations, Mergers & Acquisition and Treasurer<br>Phone (610) 251-1000<br><u>tquigley@triumphgroup.com</u> |

---

**TRIUMPH GROUP, INC. PRICES OFFERING OF SENIOR SECURED NOTES**

**<u>Offering Is Part of a Comprehensive Refinancing of Triumph's Near Term Maturities</u>**

BERWYN, PA – February 28, 2023 – Triumph Group, Inc. (NYSE: TGI) ("Triumph" or the "Company") today announced that it priced $1.2 billion aggregate principal amount of its 9.000% senior secured first lien notes due in 2028 (the "Notes," and such offering, the "Notes Offering") as part of a refinancing of its outstanding secured indebtedness. The Notes are guaranteed (the "Guarantees") by the same subsidiaries (the "Guarantors") that guaranty Triumph's 7.750% Senior Notes due 2025 (the "2025 Notes") and will be secured by first-priority liens on substantially all of the Company's and the Guarantors' assets. The Notes Offering is expected to close on March 14, 2023, subject to customary closing conditions.

Triumph intends to use the net proceeds from the Notes Offering to redeem or otherwise acquire all of its outstanding 8.875% Senior Secured First Lien Notes due 2024 (the "Existing First Lien Notes") and 6.250% Senior Secured Notes due in 2024 (the "Existing Second Lien Notes") and to pay off existing borrowings under its securitization facility. Subject to the successful completion of the Notes Offering, the Company intends to redeem all of the outstanding Existing First Lien Notes.

Triumph separately announced on February 27, 2023 the launch of a tender offer to acquire any or all of the Existing Second Lien Notes. To the extent that any Existing Second Lien Notes remain outstanding after completion of the tender offer, the Company intends to satisfy and discharge any outstanding Existing Second Lien Notes upon the consummation of the Notes Offering and to redeem such Existing Second Lien Notes. Assuming successful completion of the Notes Offering and the other refinancing transactions, the only other debt securities outstanding will be the 2025 Notes.

The Notes are being offered and sold only to persons reasonably believed to be qualified institutional buyers, as defined in, and in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act") and to non-U.S. persons in offshore transactions outside the United States in reliance on Regulation S under the Securities Act. Neither the Notes nor the Guarantees are registered under the Securities Act or any other securities laws of any jurisdiction and do not have the benefit of any exchange offer or other registration rights. The Notes may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the Notes or any other securities, and it does not constitute a notice of redemption with respect to any securities. This press release shall not constitute an offer, solicitation or sale, nor shall there be any sale of the Notes in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration and qualification under the securities laws of such state or jurisdiction.

**About Triumph**

Triumph Group, Inc., headquartered in Berwyn, Pennsylvania, designs, engineers, manufactures, repairs, and overhauls a broad portfolio of aerospace and defense systems, subsystems, and components and structures. The company serves the global aviation industry, including original equipment manufacturers and the full spectrum of military and commercial aircraft operators through the aircraft life cycle.

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**Forward Looking Statements**

Statements in this release which are not historical facts are forward-looking statements under the provisions of the Private Securities Litigation Reform Act of 1995, including statements about the Notes Offering and the intended use of proceeds, including any redemptions and tender offers. All forward-looking statements involve risks and uncertainties which could affect the Company'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, the Company. Further information regarding the important factors that could cause actual results to differ from projected results can be found in the Company's reports filed with the SEC, including its Annual Report on Form 10-K for the fiscal year ended March 31, 2022 and its Quarterly Reports on Form 10-Q for the quarters ended June 30, 2022, September 30, 2022 and December 31, 2022.

**###**

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