10:11 AM EDT, 09/20/2024 (MT Newswires) -- TransDigm Group ( TDG ) said Friday its board approved a special cash dividend of $75 on each outstanding share and dividend equivalent payments on eligible vested options provided under its stock option plans.

The supplier of aircraft components said Oct. 4 is the record date for the dividend, which will be paid Oct. 18.

The company also said its TransDigm Inc. unit completed the issuance of $3 billion of new secured debt, comprising $1.5 billion of 6% senior secured notes due Jan. 15, 2033, and $1.5 billion of new tranche L term loans due Jan. 19, 2032.

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