Affinia pays down $75 million in term loan debt via Chassis group sale

By Tali Rackner

Norfolk, Va., May 13 - Affinia Group Intermediate Holdings Inc. paid down $22 million of debt under its term loan B-1 and $53 million under its term loan B-2 with the proceeds from the sale of its Chassis group, according to a 10-Q filing with the Securities and Exchange Commission.

The sale, which closed on May 1, resulted in $140 million of cash proceeds.

Affinia is an Ann Arbor, Mich.-based designer, manufacturer, distributor and marketer of industrial-grade products and services.

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