TROY, Mich. -- ArvinMeritor is offering, subject to market and other conditions, 15 million shares of its common stock, par value $1 per share, in an underwritten registered public offering. In connection with this offering, ArvinMeritor intends to grant the underwriters an over-allotment option to purchase up to 2.25 million additional shares of its common stock.

ArvinMeritor intends to use the net proceeds from the stock offering to repay amounts outstanding under its revolving secured credit facility and its U.S. accounts receivable securitization program and for general corporate purposes.

J.P. Morgan Securities Inc., Citi and UBS Investment Bank are acting as joint book-running managers for the offering.

Also this week, ArvinMeritor announced that it is offering, subject to market and other conditions, a series of its senior unsecured notes in an underwritten registered public offering.

ArvinMeritor intends to use the net proceeds from the offering to repurchase up to $175 million of its 8-3/4 percent notes due 2012 and for general corporate purposes.

BofA Merrill Lynch, J.P. Morgan Securities Inc., Citi and RBS Securities Inc. are acting as joint book-running managers for the offering.