By: Carter Copeland

We’ve fielded several questions about the secondary and tertiary impacts of tax reform following our note last week. One line of questioning that has come up in our conversations centers around how proposed changes to interest deductibility might impact TDG’s capital structure and acquisition strategy. Given the importance of capital deployment to the TransDigm story, we asked ourselves, “Does tax reform break the business model?” The short answer is no, the long answer is below.

TDG Report Here