Allison Transmission to reprice some term loan debt, upsize revolver

By Sara Rosenberg

New York, Dec. 10 - Allison Transmission Holdings Inc. will hold a call on Wednesday to launch a repricing of some of its term loan debt, according to a market source.

The company said in an 8-K filed with the Securities and Exchange Commission that it will reprice up to $500 million of its senior secured term loan due in 2017.

In addition, the company intends to get a $100 million add-on to its revolver and extend the revolver maturity to 2019 from 2016.

Citigroup Global Markets Inc. is the lead bank on the deal.

Allison Transmission is an Indianapolis-based automatic transmission company.

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