TransDigm Launches Debt For $4.3 Billion Shareholder Payout

Airplane-parts maker TransDigm Group Inc. launched a $4 billion debt offering on Monday to fund a roughly $4.3 billion special cash dividend to shareholders, according to a regulatory filing.

The Goldman Sachs-led offering includes a $1.5 billion leveraged loan and $2.5 billion of high-yield bonds. The loan and bonds are expected to price on Thursday, according to people familiar with the matter.