Allison Transmission issues $500M 5.875% Senior Notes due 2033 to fund Dana off-highway acquisition

Allison Transmission Holdings Inc

$500M aggregate principal of 5.875% Senior Notes due 2033 issued on Nov 21, 2025.
Net proceeds, along with term loan and revolver borrowings, to fund acquisition of Dana's off-highway business.
Notes redeemable after Dec 1, 2028 at call premiums declining from 2.9375% to 0%; before that make-whole.
If Dana acquisition does not close, Notes subject to special mandatory redemption at par plus accrued interest.
Notes are senior unsecured, rank equally with existing senior notes (4.750% due 2027, 5.875% due 2029, 3.750% due 2031).

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Allison Transmission Holdings Inc incurred senior notes of $500 million in aggregate principal amount with Wilmington Trust, National Association at 5.875% maturing due 2033.

Instrument: senior notes
Principal: $500 million in aggregate principal amount
Counterparty: Wilmington Trust, National Association
Rate: 5.875%
Maturity: due 2033
Event: incurrence

Exact text from the filing

On November 21, 2025, the Issuer issued $500 million in aggregate principal amount of 5.875% Senior Notes due 2033 (the “Notes”). The Notes were issued pursuant to an indenture, dated as of November 21, 2025, between the Issuer and Wilmington Trust, National Association, as Trustee (the “Indenture”).

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Source: SEC EDGAR

accession 0001193125-25-293880

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