Allison Transmission Prices Secondary Offering, Completes Share Repurchase
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.
Dana To Repurchase All Series A Preferred Shares, Launches $600 Million Senior Notes Offering
Dana says this transaction will allow the company to deliver value to all of its shareholders by simplifying its capital structure and reducing the number of fully diluted outstanding shares by approximately 10 percent.
New Book Tells Story Of Aftermarket Pioneer
“You Build a Business with People” by Eric Johnson chronicles entrepreneur E.P. Arnold as he built his business, Arnold Motor Supply, from Depression-era Iowa through the 1970s. Today, the business has grown to include 60 locations across five states and employs more than 600 people.
O’Reilly Automotive Announces Proposed Offering Of $300 Million Of Senior Notes Due 2023
The company intends to use the net proceeds of the offering for general corporate purposes, including ordinary course working capital increases, repurchases of shares of common stock, repayment of debt and to invest in other business opportunities, including acquisitions and to pay related fees and expenses.
Navistar Announces $300 Million Tack-On Offering Of 8.25 Percent Senior Notes
The company intends to use the net proceeds from the offering to repay a portion of its senior secured term loan facility in connection with its proposed amendment of that facility.
Remy International Closes Refinancing Of Term B Loan Credit Agreement And Asset Based Line (ABL) Amendment
This refinancing lowers interest expense by approximately $6 million and adds 11 cents to diluted earnings per share.
Terry Helmer Recognized As 2012 Store Manager Of The Year For Arnold Motor Supply
Mike Molle, manager of the Arnold Motor Supply in Ft. Dodge, Iowa, received the coveted Service is the Difference Award.
‘Go Shop’ Period Ends for Pep Boys Acquisition
Pep Boys did not receive any alternative acquisition proposals from third parties during the “go-shop” period. As a result, the proposed merger is expected to be complete during the second fiscal quarter of 2012.
Avista Capital Partners Builds Out Consumer Industry Practice
Company hires Charles McIlvaine to focus on investments in the consumer sector; he also will serve as a director of Armored AutoGroup, an Avista portfolio company.
Affinia Amends its $315 Million Senior Secured Revolving Credit Facility
Changes include reduction of drawn and undrawn pricing, extension of maturity date.