Meritor, Inc. (NYSE: MTOR) today announcedthat it is offering, subject to market and other conditions, $225 million aggregate principal amount of its senior unsecured notes in an underwritten registered public offering (the “notes”).
Meritor intends to use the net proceeds from the offering to fund a portion of the redemption of the $250 million aggregate principal amount outstanding of its 10-5/8% notes due 2018 and the outstanding balance of its term loan.
J.P. Morgan, BofA Merrill Lynch, Citigroup, RBC Capital Markets and RBS are acting as joint book-running managers for the offering.
This press release is not an offer to sell and is not soliciting an offer to buy any of the notes, nor shall there be any offer or sale of the notes in any jurisdiction where the offer or sale is not permitted. An effective shelf registration statement related to the notes has previously been filed by Meritor with the Securities and Exchange Commission. The offering of notes is being made by means of a prospectus supplement and accompanying prospectus. Copies of the prospectus supplement and the accompanying prospectus can be obtained from:
J.P. Morgan Securities LLC
c/o Broadridge Financial Situations
1155 Long Island Avenue
Edgewood, NY 11717
or by calling 866-803-9204
BofA Merrill Lynch
222 Broadway
New York, NY 10038
Attention: Prospectus Department
E-mail: dg.prospectus_requests@baml.com
Telephone: 1-800-294-1322
Citigroup, c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Attn: Prospectus Department
Telephone: 1-800-831-9146
RBC Capital Markets, LLC
Three World Financial Center
200 Vesey Street, 10th Floor
New York, New York 10281
Attn: High Yield Capital Markets
Telephone: 1-877-280-1299
RBS Securities Inc.
600 Washington Boulevard
Stamford, Connecticut 06901
Attn: Debt Capital Markets Syndicate
Telephone: 1-866-884-2071
