Allison buying back leveraged buyout debt early to restore flexibility
Allison Engine Co. is buying back $110 million worth of debt it acquired when management borrowed it two years ago to buy the company from General Motors, paying a 10% premium to investors in exchange for redeeming the debt as much as eight years early. Allison opened its offer Wednesday and will...
Subscription Required
This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.
Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.
Already an AWIN subscriber? Login
Did you know? Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.