Allison Transmission postpones $400 million notes offering after increasing bank loan

By Paul A. Harris and Sara Rosenberg

Portland, Ore., March 15 – Allison Transmission Inc. withdrew its previously announced $400 million offering of senior notes due 2030, according to a market source.

Meanwhile the company upsized its term loan to $1,176,000,000 from $776 million.

Proceeds were expected to be used to reprice an existing term loan.

Allison Transmission is an Indianapolis-based automatic transmission company and supplier of hybrid-propulsion systems.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.