A thread repair assembly is provided. The thread repair assembly comprises a cutting-nut housing including a first axial end, a second axial end and an internal cutting-nut interface, the first and second axial ends each having an opening. The thread repair assembly further includes a cutting nut at least partially enclosed by the cutting-nut housing and including a plurality of cutting threads configured to engage a threaded element when the assembly is urged in a first axial direction and disengage the threaded element when the thread repair assembly is urged in a second axial direction opposing the first axial direction.

A split re-threading die includes two halves pivotally attached to each other and defining a through-bore and a hexagonal external surface when closed. Each half has inward facing teeth at the free end. The through-bore is configured to receive an externally threaded fastener to be re-threaded and the hexagonal external surface is configured to be received within a mechanical socket. The teeth rethread the fastener as the die is turned and the teeth traverse the threads of the fastener.