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Allison Transmission Prices Offering of $500 Million Aggregate Principal Amount of 5.875% Senior Notes Due 2033 and $1,200 Million Senior Secured Incremental Term Loan Facility
- Allison Transmission Holdings, Inc. priced its offering of $500 million in aggregate principal amount of 5.875% Senior Notes due 2033 on November 6, 2025, in a private placement exempt from registration under the Securities Act of 1933.
- The Company also priced a new senior secured incremental term loan facility in an aggregate principal amount of $1,200 million, which will bear interest at a rate of Term SOFR plus 1.75%.
- The net proceeds from the Notes Offering and the Incremental Term Loan Facility are intended to finance the acquisition of the off-highway business of Dana Incorporated, covering related fees, costs, and expenses.
- If the acquisition of the Dana business does not close, the Notes will be subject to a special mandatory redemption provision requiring the redemption of the Notes at par.
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Allison Transmission Prices Offering of $500 Million Aggregate Principal Amount of 5.875% Senior Notes Due 2033 and $1,200 Million Senior Secured Incremental Term Loan Facility
INDIANAPOLIS, Nov. 6, 2025 /PRNewswire/ -- Allison Transmission Holdings, Inc. (NYSE: ALSN) ("Allison" or the "Company") today announced that its wholly owned subsidiary, Allison Transmission, Inc. (the "Issuer"), priced its offering of $500 million in aggregate principal amount of 5.875%…
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Total News Sources46
Leaning Left3Leaning Right8Center13Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
13%
C 54%
R 33%
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