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BRIEF-Allison transmission Holdings's unit seeks amendment to credit agreement​
September 11, 2017 / 5:05 PM / 12 days ago

BRIEF-Allison transmission Holdings's unit seeks amendment to credit agreement​

Sept 11 (Reuters) - Allison Transmission Holdings Inc :

* Says on September 11, co announced its unit is seeking an amendment to its credit agreement - SEC filing​

* Says unit seeking amendment to credit agreement in order to reduce interest rate margin on its Term B-3 loan due 2022​

* Says in connection, co announced it intends for borrower to commence offering up to $500 million of senior unsecured notes due 2027

* Says unit seeking amendment to increase revolving credit facility from $450.0 million to $550.0 million

* Says to extent borrower elects to proceed with offering it currently intends to use net proceeds from offering to repay $200 million of Term B-3 loan Source text for Eikon: Further company coverage:

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