Allison Transmission Holdings (ALSN) has issued an update.
Allison Transmission Holdings, Inc. and its subsidiary have revised their credit agreement with Citibank, increasing their revolving credit facility from $650 million to $750 million and extending its maturity to 2029. Additionally, they’ve refinanced $518 million in term loan debt with an extended maturity to 2031, while also adjusting the credit spread on the SOFR benchmark. This move, announced in a recent press release, aims to strengthen the company’s financial position and provide more flexible capital for future growth.
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