March 8, 2017 / 9:03 PM / 5 months ago

BRIEF-TransDigm Group says on March 6 entered into Amendment No 2 to Credit Agreement - SEC filing

March 8 (Reuters) - TransDigm Group Inc:

* On March 6, 2017, unit, TD Group and certain subsidiaries of TransDigm entered into Amendment No. 2 -SEC filing

* Amendment permits, among other things, up to $1.5 billion of dividends and share repurchases over the next twelve months - SEC filing

* Amendment also increases general investment basket to greater of $400 million and 8% of consolidated total assets

* On March 7, Board authorized a new stock repurchase program permitting repurchase of portion of shares not to exceed $600 million

* Stock repurchase program replaces previous repurchase program, which had remaining amount of repurchases allowable of about $213 million Source text: (bit.ly/2m3khEO) Further company coverage:

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