Allison Transmission Holdings Files Form S-1 Registration Statement with U.S. Securities and Exchange Commission for Proposed Initial Public Offering

Mar 18, 2011, 18:00 ET from Allison Transmission Holdings, Inc.

INDIANAPOLIS, March 18, 2011 /PRNewswire/ -- Allison Transmission Holdings, Inc. today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock.  Allison Transmission is the world's largest manufacturer of fully-automatic transmissions for medium- and heavy-duty commercial vehicles, medium- and heavy-tactical U.S. military vehicles and hybrid-propulsion systems for transit buses.

BofA Merrill Lynch, Citi, J.P. Morgan, Credit Suisse, Morgan Stanley and Goldman, Sachs & Co. will act as the underwriters for the proposed initial public offering.

When available, copies of the preliminary prospectus relating to the proposed initial public offering may be obtained from BofA Merrill Lynch, 4 World Financial Center, New York, New York, 10080, Attn: Prospectus Department or email dg.prospectus; Citi, Brooklyn Army Terminal, 140 58th Street, Brooklyn, New York, 11220, (877-858-5407); and J.P. Morgan, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective.  These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.  This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Caution Regarding Forward-Looking Statements

This press release may contain forward-looking statements. All statements other than statements of historical fact contained in this press release are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plans," "project," "anticipate," "believe," "estimate," "predict," "intend," "forecast," "could," "potential," "continue" or the negative of these terms or other similar terms or phrases. Forward-looking statements are not guarantees of future performance and involve known and unknown risks.

Factors which may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made include, but are not limited to: the loss or consolidation of any one of our significant customers;  our substantial indebtedness, which could adversely affect our financial health, restrict our activities and affect our ability to meet our obligations; the adverse impact of competitors' actions; the discontinuation of a particular vehicle model for which we are a significant supplier; the discovery of defects in our products, resulting in delays in new model launches, recall campaigns and/or increased warranty costs and reduction in future sales; increases in cost of or disruption of the supply of raw materials; increased crude oil and energy prices and overall economic conditions; and continued volatility in and disruption to the global economic environment.  Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that the expectations will be attained or that any deviation will not be material. All information is as of the date of this press release, and we undertake no obligation to update any forward-looking statement to conform the statement to actual results or changes in expectations.

SOURCE Allison Transmission Holdings, Inc.