July 11, 2014 11:02 AM ET


Company Overview of Allison Transmission, Inc

Company Overview

Allison Transmission, Inc. engages in the design, manufacture, and sale of medium and heavy-duty automatic transmissions for trucks, buses, off-road, military vehicles, and RVs. It offers transmissions for construction, distribution, service, hybrid bus, coach and transit bus, school/shuttle bus, agriculture, motorhome, refuse, fire and emergency, specialty, recreational tow, oil field, and stationary and mobile off highway vehicles and equipment. The company also designs and manufactures power transmission products for military vehicles, such as combat, tactical, and support tracked vehicles. It offers its products through distributors and dealers in the United States and internationally. A...

4700 West 10th Street

Indianapolis, IN 46222

United States

Founded in 1915





Key Executives for Allison Transmission, Inc

Chief Executive Officer
Age: 57
Chief Financial Officer
Age: 48
Vice President of Operations
Age: 63
Vice President and General Counsel
Age: 43
Director of Customer Support
Age: 58
Compensation as of Fiscal Year 2014.

Allison Transmission, Inc Key Developments

Allison Transmission, Inc Wins $51.44 Million Federal Contract

Allison Transmission Inc., Indianapolis, was awarded a $51,444,025 federal contract modification by the U.S. Army Contracting Command, Warren, Mich., for acquiring 99 X1100-3B transmissions for M1A2 Abrams tanks.

Allison Transmission, Inc. Enters into Consent Agreement

On March 12, 2014, Allison Transmission Inc. (ATI) a wholly-owned subsidiary of Allison Transmission Holdings Inc. (Company), entered into a consent agreement under the Company's Credit Agreement, dated as of August 7, 2007. Pursuant and subject to the terms of the Consent Agreement, the revolving lenders under the Credit Agreement have agreed to prospectively waive any Event of Default resulting directly from any non-compliance with the Financial Covenant in the Credit Agreement that provides that ATI must not exceed a maximum Total Senior Secured Leverage Ratio with respect to any period of four consecutive fiscal quarters ending as of the last day of any fiscal quarter for which no Revolving Loans are outstanding on such date.

Allison Transmission Holdings, Inc. and Allison Transmission, Inc., Enters into a Certain Amendment to the Credit Agreement

On December 31, 2013, Allison Transmission Holdings, Inc. and Allison Transmission, Inc. (ATI), entered into that certain Amendment No. 9 to the Credit Agreement, dated as of August 7, 2007. Amendment No. 9 refinanced $650 million of term loan debt due August 7, 2017. The interest rate margin applicable to such refinanced loans is, at ATI’s option, either (a) 2.75% above the London Interbank Offered Rate or (b) 1.75% above the greater of the prime lending rate provided by the British Banking Association or the federal funds effective rate published by the Federal Reserve Bank of New York. Each rate is subject to a 0.25% decrease if ATI’s total leverage ratio is less than or equal to 3.25:1.00. The Credit Agreement, dated as of December 31, 2013, among Allison Transmission Holdings, Inc., Allison Transmission, Inc., the several banks and other financial institutions or entities from time to time parties thereto as Lenders, Citicorp North America, Inc., as Administrative Agent and the other agents and arrangers party thereto. Amendment No. 9 also added up to an additional $10.0 million of revolving commitments under the Credit Agreement effective as of the Amendment No. 9 effective date with the ability to increase such amounts up to an additional $90.0 million more prior to February 19, 2014 and increased the letter of credit sublimit from $50 million to $75 million. Also pursuant to Amendment No, 9, the interest rate applicable to the revolving portion of the Credit Agreement was reduced by 1.0% to LIBOR plus 2.25% with two 25 bps step-downs upon achieving certain total leverage ratios, the commitment fee for unused revolving loans was decreased by 0.125% to 0.375% with a step down to 0.25% upon achieving a certain total leverage ratio, and the termination date of the revolving commitments was extended to January 27, 2019. Amendment No. 9 also amended the financial covenant of the Credit Agreement, so that it is only applicable to the revolving portion of the Credit Agreement and is tested only when revolving commitments remain outstanding at the end of any fiscal quarter, as set forth in Amendment No. 9.

Similar Private Companies By Industry

Company Name Region
Advance Graphics Equipment of York, Inc. United States
Sherwood Valve LLC United States
CrownTonka California, Inc. United States
Ultraviolet Sciences, Inc. United States
Bixby Energy Systems Inc. United States

Recent Private Companies Transactions

No transactions available in the past 12 months.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Allison Transmission, Inc, please visit www.allisontransmission.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.