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Allison Transmission Announces $300M Senior Notes Offering

The company intends to use the net proceeds from the offering for general corporate purposes and to pay related transaction fees and expenses.

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Allison Transmission Holdings Inc. announced that its wholly owned subsidiary, Allison Transmission Inc., commenced an offering of $300 million in aggregate principal amount of senior unsecured notes due 2027 in a private placement exempt from registration under the Securities Act of 1933, as amended, subject to market conditions.

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The notes will be guaranteed by each of the Allison Transmission Inc.’s existing and future domestic subsidiaries that is a borrower under or that guarantees obligations under the company’s senior secured credit facility, subject to certain exceptions. On the issue date, it is expected that none of Allison Transmission Inc.’s domestic subsidiaries will guarantee its obligations under the company’s senior secured credit facility, and therefore none of the its domestic subsidiaries will initially guarantee the notes. The company intends to use the net proceeds from the offering for general corporate purposes and to pay related transaction fees and expenses.

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