March 6, 2018 / 6:18 PM / in 4 months

BRIEF-Allison Transmission Says Intends For Unit To Offer $400 Mln Of Senior Unsecured Notes Due 2030

March 6 (Reuters) - Allison Transmission Holdings Inc :

* ALLISON TRANSMISSION SAYS INTENDS FOR UNIT TO COMMENCE OFFERING OF $400 MILLION OF SENIOR UNSECURED NOTES DUE 2030 IN PRIVATE PLACEMENT - SEC FILING

* ALLISON TRANSMISSION - UNIT INTENDS TO USE PROCEEDS FROM OFFERING, WITH CASH ON HAND, TO REPAY $400 MILLION OF TERM B-3 LOAN, AMONG OTHERS

* ALLISON TRANSMISSION - UNIT IS SEEKING TO AMEND CREDIT AGREEMENT TO REDUCE INTEREST RATE MARGIN ON TERM B-3 LOAN DUE 2022 Source text: (bit.ly/2tsOFRh) Further company coverage:

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