Offering is Part of a Comprehensive Refinancing of Triumph's Near Term Maturities

BERWYN, Pa., Feb. 28, 2023 /PRNewswire/ -- 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.