Triumph Group, Inc.: Covenant Quality Post-Sale Snapshot: $700m 8.875% Senior Secured First Lien Notes due 2024
CORPORATES ISSUER IN-DEPTH 8 September 2020 Source Documents: Final OM (5 Aug 2020) Peer Group: » Aerospace/Defense See Snapshot User’s Guide for terminology, analytical criteria and our ranking of covenant structures. This report contains Moody’s analysis of the principal protections and weaknesses of the covenant package of the Notes based on information contained in the Final OM datTriumph Group designs, engineers, manufactures, repairs, and overhauls a portfolio of aerospace and defense systems, components, and structures. The company provides its products and services through three segments: Triumph Integrated Systems, which is engaged in the design, development and support of proprietary components, subsystems and systems, as well as production of assemblies using external designs; Triumph Aerospace Structures, whose companies supply commercial, business, regional and military manufacturers with metallic and composite structures and produce close-tolerance parts; and Triumph Product Support, whose companies provide solutions for commercial, regional and military aircraft.
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