Allison opts against amendment but will up revolver by $100 million

By Marisa Wong

Morgantown, W.Va., Sept. 21 – Allison Transmission Holdings, Inc.’s wholly owned subsidiary, Allison Transmission, Inc., has decided not to pursue the previously announced amendment to its credit agreement, according to an 8-K filed Thursday with the Securities and Exchange Commission.

The company still expects, however, to increase commitments under its revolving credit facility to $550 million from $450 million.

The increase will be made alongside an offering of $300 million senior notes due 2027.

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.