ArvinMeritor buys back $18 million of its 8¾% notes, 8 1/8% notes

By Devika Patel

Knoxville, Tenn., Aug. 4 - ArvinMeritor, Inc. repurchased $17 million of its 8¾% notes due 2012 and $1 million of its 8 1/8% notes due 2015 in June, according to a 10-Q filed Wednesday with the Securities and Exchange Commission.

The repurchases are part of ArvinMeritor's bid to buy back all of the 8¾% notes and up to $20 million of the 8 1/8% notes, as previously announced in June. Repurchases may be made from time to time through open-market purchases, privately negotiated transactions or otherwise.

The company bought back the 8¾% notes in the open market, paying 104.875; the 8 1/8% notes were repurchased at 94.

ArvinMeritor is a Troy, Mich.-based supplier of integrated systems, modules and components to the motor vehicle industry.

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