Allison Transmission Prices $1.7 Billion Debt to Fund Dana Off-Highway Business Acquisition

Reuters11-07
Allison Transmission Prices $1.7 Billion Debt to Fund Dana Off-Highway Business Acquisition

Allison Transmission Holdings is moving forward with its acquisition of the off-highway business of Dana Incorporated. To finance the transaction and related expenses, Allison Transmission, Inc., a wholly owned subsidiary, has priced an offering of $500 million in senior notes due 2033 and arranged a new $1.2 billion senior secured incremental term loan facility. The company expects to close the financing and the acquisition concurrently. If the acquisition does not close, the notes will be subject to a special mandatory redemption at par.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Allison Transmission Holdings Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: DE18335) on November 06, 2025, and is solely responsible for the information contained therein.
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