Allison Transmission Announces $500 Million Senior Notes Offering
The Notes will be guaranteed by each of the Issuer’s existing and future domestic subsidiaries that is a borrower under or that guarantees obligations under the Issuer’s New Senior Secured Credit Facilities, subject to certain exceptions. On the issue date, it is expected that none of the Issuer’s domestic subsidiaries will guarantee its obligations under the New Senior Secured Credit Facilities, and therefore none of the Issuer’s domestic subsidiaries will initially guarantee the Notes.
The Notes will be offered in a private placement to qualified
institutional buyers pursuant to Rule 144A under the Securities Act, and
to certain non-U.S. persons in transactions outside of
This press release shall not constitute an offer to sell or the solicitation of an offer to purchase the Notes, nor shall there be any sale of the Notes in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About
Forward-Looking Statements
This press release contains forward-looking statements. All statements
other than statements of historical fact contained in this press release
are forward-looking statements, including all statements regarding the
Offering. In some cases, you can identify forward-looking statements by
terminology such as “may,” “will,” “should,” “expect,” “plans,”
“project,” “anticipate,” “believe,” “estimate,” “predict,” “intend,”
“forecast,” “could,” “potential,” “continue” or the negative of these
terms or other similar terms or phrases. Forward-looking statements are
not guarantees of future performance and involve known and unknown
risks. Factors which may cause the actual results to differ materially
from those anticipated at the time the forward-looking statements are
made include, but are not limited to: risks related to the Offering and
the New Senior Secured Credit Facilities, including that such
transactions may not occur; risks related to our substantial
indebtedness; our participation in markets that are competitive; the
highly cyclical industries in which certain of our end users operate;
uncertainty in the global regulatory and business environments in which
we operate; our ability to prepare for, respond to and successfully
achieve our objectives relating to technological and market
developments, competitive threats and changing customer needs; the
concentration of our net sales in our top five customers and the loss of
any one of these; the success of our research and development efforts,
the outcome of which is uncertain; our failure to effectively integrate
acquisitions, which could harm our growth; increases in cost, disruption
of supply or shortage of raw materials or components used in our
products; our failure to maintain cost controls; the failure of markets
outside
View source version on businesswire.com: https://www.businesswire.com/news/home/20190326005490/en/
Source:
Allison Transmission Contacts:
Melissa Sauer, Executive
Director, Corporate Affairs & Communications
melissa.sauer@allisontransmission.com
317-242-5000