Meritor to repay some credit facility borrowings with note proceeds

By Sarah Lizee

Olympia, Wash., June 3 – Meritor, Inc. plans to repay a portion of the outstanding balance under its senior secured credit facility using proceeds from a new offering of notes, according to a press release.

The company announced Wednesday that it plans to offer $300 million of senior notes due 2025.

Meritor is a Troy, Mich., supplier of drivetrain, mobility, braking and aftermarket solutions for commercial vehicle and industrial markets.

© 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.