debt
confidence high
sentiment neutral
materiality 0.55
Allison Transmission announces $500M senior notes offering to fund Dana off-highway acquisition
Allison Transmission Holdings Inc
- $500M senior notes offering by unit Allison Transmission, Inc. in private placement.
- Also plans $1.2B incremental term loan facility under existing credit agreement.
- Proceeds combined with cash on hand to finance previously announced Dana off-highway acquisition.
- No assurance offering or amendment will close; subject to market conditions.