Allison Transmission Closes $500 Million Senior Notes Offering
The borrowings under the New Senior Secured Credit Facilities bear interest at a rate equal to an applicable margin plus, at the Issuer’s option, either: a base rate or the LIBOR rate (each defined more fully in such documentation for the New Senior Secured Credit Facilities). The LIBOR rate is subject to a 0.00% floor and the base rate is subject to a 1.00% floor. The applicable margin on the New Term Loan Facility is 1.00% for base rate loans and 2.00% for LIBOR rate loans.
The Notes were 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.
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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. 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 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
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Source:
Allison Transmission Contacts:
Melissa Sauer
Executive
Director, Corporate Affairs & Communications
melissa.sauer@allisontransmission.com
317-242-5000
www.allisontransmission.com