Allison transmission announces re-pricing of $646 million term loan due 2026

Allison transmission holdings inc. announced that on october 11, 2019 it completed an opportunistic re-pricing of its existing $646 million term loan due march 29, 2026 (term loan) through an amendment (“amendment”) to its second amended and restated credit agreement (as amended, “credit agreement”). the amendment reduced the applicable interest rate margin on the term loan by 25 basis points, resulting in an interest rate margin that is either 1.75% per annum for libor rate loans or 0.75% per annum for base rate loans. the term loan maturity date of march 29, 2026 and all other material provisions under the credit agreement remain unchanged.
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