Allison Transmission issues $500 million in 5.875% senior notes to fund Dana acquisition
Allison Transmission issued $500 million of 5.875% Senior Notes due 2033 on November 21, 2025, in a private placement. The company said it expects to use the proceeds, along with new term loan and revolver borrowings and cash on hand, to finance its previously announced acquisition of Dana's off-highway business.
Key points
- Notes: $500 million aggregate principal, 5.875% coupon, due 2033, interest paid semi-annually
- Issued November 21, 2025 under an indenture with Wilmington Trust, National Association, as trustee
- Proceeds, with term loan and revolver borrowings and cash on hand, intended to fund the Dana Business Acquisition
- If the Dana acquisition does not close, the notes are subject to a special mandatory redemption at par
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:56 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 24, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.