Allison Transmission Issues $500 Million in 5.875% Senior Notes Due 2033

Reuters11-25
Allison Transmission Issues $500 Million in 5.875% Senior Notes Due 2033

Allison Transmission Holdings Inc. has announced the issuance of $500 million in aggregate principal amount of 5.875% Senior Notes due 2033. The notes, issued on November 21, 2025, under an indenture with Wilmington Trust, National Association as trustee, were offered in a private placement exempt from SEC registration. Proceeds from the offering, along with borrowings under a new senior secured incremental term loan facility and the company's senior secured revolving credit facility, as well as cash on hand and anticipated future cash flow, will be used to finance the acquisition of the off-highway business of Dana Incorporated and to cover related fees and expenses. The notes include restrictive covenants limiting the company's ability to create liens and engage in mergers or consolidations.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-293880), on November 24, 2025, and is solely responsible for the information contained therein.
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