June 10, 2014
Allison Transmission Holdings, Inc.
(NYSE: ALSN), announced today that in connection with the previously announced public offering of 35,000,000 shares of common stock by investment funds affiliated with The Carlyle Group and Onex Corporation (the "Sponsors"), the underwriter has exercised its option to purchase an additional 5,250,000 shares from the Sponsors at an offering price of
per share, the same as the price at which the 35,000,000 shares of common stock were sold to the underwriter. Allison is not selling any shares of common stock in the offering and will not receive any of the proceeds from the offering of shares by the Sponsors. Closing of the offering is expected to occur on or about
June 12, 2014
, subject to customary closing conditions.
Citigroup is acting as the sole underwriter for the offering. Citigroup proposes to offer the shares of common stock from time to time to purchasers directly or through agents, or through brokers in brokerage transactions on the New York Stock Exchange, or to dealers in negotiated transactions or in a combination of such methods of sale, at a fixed price or prices, which may be changed, or at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at negotiated prices.
Allison has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (the "SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents Allison has filed with the SEC for more complete information about Allison and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at
. Alternatively, Citigroup will arrange to send you the prospectus if you request it by writing Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
11717; or by telephone: 800-831-9146.
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.