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ALSN > SEC Filings for ALSN > Form 8-K on 26-Aug-2013All Recent SEC Filings

Show all filings for ALLISON TRANSMISSION HOLDINGS INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for ALLISON TRANSMISSION HOLDINGS INC


26-Aug-2013

Entry into a Material Definitive Agreement, Financial Statement


Item 1.01 Entry Into a Material Definitive Agreement.

On August 26, 2013, Allison Transmission Holdings, Inc. (the "Company") and Allison Transmission, Inc. ("ATI"), a wholly-owned subsidiary of the Company, entered into that certain Amendment No. 8 ("Amendment No. 8") to the Credit Agreement, dated as of August 7, 2007 (the "Credit Agreement").

Amendment No. 8 refinanced $1.1 billion of term loan debt due August 23, 2019. The interest rate margin applicable to such refinanced loans is, at ATI's option, either (a) 2.75% above the London Interbank Offered Rate or (b) 1.75% above the greater of the prime lending rate provided by the British Banking Association or the federal funds effective rate published by the Federal Reserve Bank of New York. Each rate is subject to a 0.25% decrease if ATI's total leverage ratio is less than or equal to 3.25:1.00.

Amendment No. 8 also amends the change of control provision in the Credit Agreement to more closely align with the Company's change of control provisions in its Indenture governing the 7.125% Senior Notes due 2019, among ATI, as Issuer, the Guarantors named therein, and Wells Fargo Bank, National Association, as trustee, dated May 6, 2011.

This summary of Amendment No. 8 does not purport to be complete and is subject to, and qualified in its entirety by, the full text of Amendment No. 8 filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit
Number                                    Description

10.1         Amendment No. 8 to the Credit Agreement, dated as of August 26, 2013,
             among Allison Transmission Holdings, Inc., Allison Transmission, Inc.,
             as Borrower, the several banks and other financial institutions or
             entities from time to time parties thereto as Lenders, Citicorp North
             America, Inc., as Administrative Agent and the other agents and
             arrangers party thereto.


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