insane dividends

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TransDigm Group Incorporated Announces Successful Completion of Notes Offering and Special Cash Dividend
Monday, October 15, 2012 5:20 PM


CLEVELAND, Oct. 15, 2012 /PRNewswire/ -- TransDigm Group Incorporated ("TransDigm Group") (NYSE: TDG) announced today that its wholly-owned subsidiary, TransDigm Inc. (the "Company"), has successfully completed its previously announced offering of $550 million aggregate principal amount of 5.50% senior subordinated notes due 2020 (the "Notes"). Also today, TransDigm Group announced the funding of an additional incremental term loan of $150 million and that its board of directors has authorized and declared a special cash dividend of $12.85 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 October 25, 2012, and the payment date for the dividend is November 5, 2012.