Allison Transmission Announces Closing of Amend and Extend of its Revolving Credit Facility and Term Loan Debt
Pursuant to the Amendment, the Borrower increased its commitments under its revolving credit facility from
Also pursuant to the Amendment, the Borrower refinanced
“The successful closing of this amendment supports our long-standing commitment to prudent balance sheet management and our opportunistic approach to the capital markets with a focus on a low-cost, flexible and pre-payable debt structure with long-date maturities,” said Fred Bohley, Senior Vice President, Chief Financial Officer and Treasurer at Allison. “As a result of this offering, we were able to increase the capacity under our revolving credit facility and reduce the effective interest rate on our term loan debt, while extending out maturities so that our earliest maturity on our long-term debt is now in 2027.”
About Allison Transmission
Allison Transmission (NYSE: ALSN) is a leading designer and manufacturer of propulsion solutions for commercial and defense vehicles and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions that Improve the Way the World Works. Allison products are used in a wide variety of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (school, transit and coach), motorhomes, off-highway vehicles and equipment (energy, mining and construction applications) and defense vehicles (tactical wheeled and tracked). Founded in 1915, the company is headquartered in
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Jackie Bolles
Executive Director, Treasury and Investor Relations
Jacalyn.Bolles@allisontransmission.com
(317) 242-7073
Claire Gregory
Director, Global External Communications
Claire.Gregory@allisontransmission.com
(317) 694-2065
Source: Allison Transmission