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Triumph Group to offer up to $175M in notes

Triumph Group Inc., a Wayne aerospace components manufacturer, said it planned to offer up to $175 million in notes.

The money from the senior subordinated notes will be used for general corporate purposes and possibly to repay some of the money borrowed under a revolving loan, the company said.

Triumph followed another local company into the debt market. DuPont Co., the Wilmington chemical giant, offered $2 billion in senior unsecured notes this week.    - Harold Brubaker

Comments   
Posted 07:26 AM, 11/07/2009
funfundvierzig
The cash-famished DuPont "Leadership" TEAM is borrowing another $2 billion? Will it go to pay the December quarterly dividend, which has yet to be cut in the face of severely reduced revenues and sliding earnings? Or will the cash go to enlarge the pool available for executive compensation and next February's fat bonuses? Inquiring investor minds want to know. ...funfun..
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