TransDigm Racks Up Debt, Still Dominates.(News)

Byline: Matthew Sheahan

A bank group is in the market with nearly $2 billion in debt to help TransDigm Group finance an acquisition. The deal will lever the company up to just over six times Ebitda, but it should continue to dominate in its market space, according to analysts and sources familiar with the Cleveland-based aircraft parts manufacturer.

The credit facility consists of $1.2 billion in senior secured loans, including a $900 million term loan B that matures in 2016 and a $300 million revolver due 2015, as well as $780 million in senior subordinated notes due 2018. It will back TransDigm's $1.27 billion acquisition of McKechnie Aerospace Holdingsand …