INDIANAPOLIS – Allison Transmission Holdings Inc. has priced and upsized its secondary offering from 16.6 million to 20.7 million shares of common stock, of which 16 million are being sold to the public at $22 per share.  
 
The selling stockholders in the offering have granted the underwriters an option to purchase up to 3,105,000 additional shares at the public offering price, less the underwriting discounts and commissions. All of the shares of common stock offered are being sold by selling stockholders. Allison Transmission Holdings will not receive any proceeds from the sale of shares by the selling stockholders in this offering, including from any underwriters exercising their option to purchase additional shares.
 
Subject to completion of the offering, Allison Transmission will repurchase from the underwriters 4.7 million of the 20.7 million shares of common stock being sold by the selling stockholders. The company’s per-share purchase price for the repurchased shares will be the same as the per-share purchase price payable by the underwriters to the selling stockholders.
 
For the offering, BofA Merrill Lynch, Citigroup, J.P. Morgan, Barclays, Credit Suisse and Goldman, Sachs & Co. served as joint book-running managers; Deutsche Bank Securities, Morgan Stanley and UBS Investment Bank served as lead managers; Baird and KeyBanc Capital Markets served as senior co-managers; and Oppenheimer & Co. and SMBC Nikko served as co-managers.