Business Context and Reporting Period
Company: Allison Transmission Holdings, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: November 30, 2015
Principal Event: Entry into a Material Definitive Agreement (Amendment No. 12 to the Credit Agreement).
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, or liquidity metrics. It focuses exclusively on a specific debt refinancing transaction.
| Metric | Value |
|---|---|
| Debt Refinanced | Approximately $189.0 million |
| Original Maturity Date | August 7, 2017 |
| Interest Rate Margin (LIBOR Option) | 2.50% above LIBOR |
| Interest Rate Margin (Prime Option) | 1.50% above the greater of Prime Rate or Federal Funds Effective Rate |
Material Changes
The Company and its wholly-owned subsidiary, Allison Transmission, Inc. (ATI), entered into Amendment No. 12 to their Credit Agreement dated August 7, 2007. This amendment refinanced approximately $189.0 million of term loan debt. The filing does not provide comparative financial data against prior periods.
Guidance, Outlook, and Risks
Management Commentary: The filing states that the summary of Amendment No. 12 is not complete and is subject to the full text of the agreement filed as Exhibit 10.1.
Risks and Contingencies: No specific risks or contingencies are detailed in the text of this 8-K, other than the standard qualification that the summary is subject to the full agreement terms.
Unusual Items: None reported.
Investor Verification Checklist
- Verify the full terms of Amendment No. 12 by reviewing Exhibit 10.1 attached to this filing.
- Confirm the impact of the new interest rate margins (2.50% over LIBOR or 1.50% over Prime) on future interest expense.
- Check subsequent filings for any changes to the $189.0 million term loan balance or maturity date.
- Review the Company's most recent 10-Q or 10-K for comprehensive liquidity and debt covenant compliance data, as this 8-K does not provide them.