Triumph Group Inc. has announced amendments to its existing $75 million receivables securitization facility. These amendments involve a series of agreements, including a second amended and restated receivables purchase agreement, a purchase and sale agreement, and a performance guaranty. The key changes include transferring the administration of the securitization facility from PNC Bank, National Association to MUFG Bank, Ltd. Additionally, benchmark transition provisions have been updated in light of the acquisition of Triumph Group Inc. by affiliates of Warburg Pincus LLC and Berkshire Partners LLC. This development marks a significant step in the company's ongoing financial and operational strategies.
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