Allison reprices $508M term loan due 2031, margin cut 25bps, saves ~$1.3M annual interest

Allison Transmission Holdings Inc

Repriced $508M term loan due March 13, 2031; interest margin reduced by 25 bps.
New interest margins: 1.50% for SOFR loans, 0.50% for base rate loans.
Annual cash interest expense reduction of approximately $1.3 million.
Maturity date of March 13, 2031 and all other material provisions unchanged.
CFO Scott Mell says repricing reaffirms commitment to balance sheet management.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Allison Transmission Holdings Inc amended Amendment No. 6 to Credit Agreement with Citibank, N.A., as administrative agent and as the 2026 refinancing term lender valued at approximately $508 million (effective 2026-06-11).

Action: amendment
Agreement: credit facility
Counterparty: Citibank, N.A., as administrative agent and as the 2026 refinancing term lender
Value: approximately $508 million
Effective: 2026-06-11

Exact text from the filing

On June 11, 2026, Allison Transmission Holdings, Inc. (the “Company”), Allison Transmission, Inc., a wholly-owned subsidiary of the Company (the “Borrower”), Fairfield Manufacturing Company, Inc., a wholly-owned subsidiary of the Borrower (the “Subsidiary Guarantor”), and Citibank, N.A., as administrative agent (in such capacity, the “Administrative Agent”) and as the 2026 refinancing term lender, entered into Amendment No. 6 to Credit Agreement (the “Amendment”), which amends the Second Amended and Restated Credit Agreement, dated as of March 29, 2019 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, including as amended by the Amendment, the “Credit Agreement”).

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Source: SEC EDGAR

accession 0001193125-26-272602

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