September 26, 2016 9:06 PM ET

Machinery

Company Overview of Allison Transmission, Inc

Company Overview

Allison Transmission, Inc. engages in the design, manufacture, and sale of medium and heavy-duty automatic transmissions for trucks, buses, off-road, military vehicles, and RVs. It offers transmissions for construction, distribution, service, hybrid bus, coach and transit bus, school/shuttle bus, agriculture, motorhome, refuse, fire and emergency, specialty, recreational tow, oil field, and stationary and mobile off highway vehicles and equipment. The company also designs and manufactures power transmission products for military vehicles, such as combat, tactical, and support tracked vehicles. It offers its products through distributors and dealers in the United States and internationally. A...

4700 West 10th Street

Indianapolis, IN 46222

United States

Founded in 1915

Phone:

317-242-5000

Fax:

317-242-3123

Key Executives for Allison Transmission, Inc

Chief Financial Officer
Age: 50
Compensation as of Fiscal Year 2016.

Allison Transmission, Inc Key Developments

Allison Transmission, Inc Wins $24.28 Million Federal Contract

Allison Transmission Inc. was awarded a $24,275,808 federal contract by the U.S. Army Contracting Command for transmissions for Abrams family of vehicles.

Allison Transmission Holdings, Inc. and Allison Transmission, Inc. Enter into Amendment No. 13 to the Credit Agreement

On September 23, 2016, Allison Transmission Holdings, Inc. and Allison Transmission, Inc. (the issuer), a wholly owned subsidiary of the company, the several lenders party thereto, Citicorp North America, Inc., as Administrative Agent, and the other agents and arrangers party thereto entered into Amendment No. 13 to the Credit Agreement, dated as of August 7, 2007, governing its senior secured credit facility. Amendment No. 13 refinanced approximately $1.2 billion of the company’s term loan facility and revolving credit facility and extended the maturity date of each to 2022 and 2021, respectively. Amendment No. 13 also reduced the available commitments under the revolving credit facility to $450 million and amended certain other provisions of the company’s senior secured credit facility. The interest rate margin applicable to the refinanced term loans is, at the issuer’s option, either (a) 2.50% above the London interbank offered rate (subject to a 0.75% floor) or (b) 1.50% above the greater of the prime lending rate as quoted by the administrative agent or the federal funds effective rate published by the Federal Reserve Bank of New York (subject to a 1.75% floor). The interest rate margin applicable to borrowings under the refinanced revolving credit facility is, at the Issuer’s option, either (a) 1.75%-2.25% (based on the issuer’s leverage ratio) above the London Interbank Offered Rate, or (b) 0.75%-1.25% (based on the Issuer’s leverage ratio) above the greater of the prime lending rate as quoted by the administrative agent or the federal funds effective rate published by the Federal Reserve Bank of New York.

Allison Transmission, Inc. Closes $1 Billion Senior Notes Offering and Refinances Credit Facility

Allison Transmission Inc. (issuer) completed its previously announced offering of $1 billion in aggregate principal amount of 5.000% senior notes due 2024 in a private placement exempt from registration under the Securities Act of 1933, as amended (the Securities Act). The issuer used the net proceeds from the offering, together with cash on hand, to repay approximately $1.2 billion of its outstanding term loans and pay related transaction fees and expenses. In addition, the issuer entered into an amendment to its credit agreement in order to refinance and extend the maturity of each of its term loan facility and revolving credit facility, reduce the available commitments under the revolving credit facility to $450 million and amend certain other provisions of the senior secured credit facility. The notes were offered in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act, and to certain non-U.S. persons in transactions outside of the United States in reliance on Regulation S under the Securities Act. The notes will not be registered under the Securities Act or the securities laws of any state or jurisdiction, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

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