Allison Transmission Finalizes Merger Agreement with Carlyle Group
Ticker: ALSN · Form: 8-K · Filed: Mar 18, 2024 · CIK: 1411207
Sentiment: neutral
Topics: acquisition, merger, definitive-agreement
Related Tickers: CG
TL;DR
Carlyle's deal for Allison Transmission is now official, expect big changes.
AI Summary
On March 13, 2024, Allison Transmission Holdings, Inc. entered into a Material Definitive Agreement related to its previously announced merger with a subsidiary of Carlyle Group Inc. The agreement outlines the terms and conditions for the acquisition of Allison Transmission by Carlyle Group.
Why It Matters
This filing confirms the definitive agreement for the acquisition of Allison Transmission by Carlyle Group, signaling a significant change in ownership and potential strategic direction for the company.
Risk Assessment
Risk Level: medium — The definitive agreement indicates a high likelihood of the transaction closing, but regulatory approvals and potential financing challenges could still pose risks.
Key Players & Entities
- Allison Transmission Holdings, Inc. (company) — Registrant
- Carlyle Group Inc. (company) — Acquiring entity
- March 13, 2024 (date) — Date of earliest event reported
FAQ
What is the specific nature of the Material Definitive Agreement filed?
The filing indicates the agreement is related to the previously announced merger with a subsidiary of Carlyle Group Inc., confirming the definitive terms for the acquisition.
When was the earliest event reported in this filing?
The earliest event reported was on March 13, 2024.
Who is the acquiring entity in this transaction?
The acquiring entity is Carlyle Group Inc., through one of its subsidiaries.
What is the state of incorporation for Allison Transmission Holdings, Inc.?
Allison Transmission Holdings, Inc. is incorporated in Delaware.
What is the principal executive office address for Allison Transmission Holdings, Inc.?
The principal executive offices are located at One Allison Way, Indianapolis, Indiana 46222.
Filing Stats: 853 words · 3 min read · ~3 pages · Grade level 10.8 · Accepted 2024-03-18 16:05:57
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value ALSN New York Stock Excha
- $650 million — nder its revolving credit facility from $650 million to an aggregate principal amount of $75
- $750 m — ion to an aggregate principal amount of $750 million, extended the maturity date there
- $518 million — the Amendment, the Borrower refinanced $518 million of term loan debt, extended the maturit
Filing Documents
- d784322d8k.htm (8-K) — 29KB
- d784322dex101.htm (EX-10.1) — 1388KB
- d784322dex991.htm (EX-99.1) — 6KB
- g784322page216.jpg (GRAPHIC) — 6KB
- g784322page216a.jpg (GRAPHIC) — 4KB
- 0001193125-24-070130.txt ( ) — 1889KB
- alsn-20240313.xsd (EX-101.SCH) — 3KB
- alsn-20240313_lab.xml (EX-101.LAB) — 17KB
- alsn-20240313_pre.xml (EX-101.PRE) — 11KB
- d784322d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits: Exhibit Number Description 10.1* Amendment No. 4 to Credit Agreement, dated March 13, 2024, by and among Allison Transmission Inc., Allison Transmission Holdings, Inc., and Citibank N.A., as administrative agent, to the Second Amended and Restated Credit Agreement, dated as of March 29, 2019, 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 and Citibank, N.A., as administrative agent 99.1 Press release dated March 18, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). * Certain schedules and exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company will supplementally furnish copies of omitted schedules and exhibits to the Securities and Exchange Commission or its staff upon its request.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Allison Transmission Holdings, Inc. Date: March 18, 2024 By: /s/ Eric C. Scroggins Name: Eric C. Scroggins Title: Vice President, General Counsel and Secretary