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Slideshow Corporate Bonds

By The Online Investor Staff, updated Fri., Jan. 20, 8:53 AM

Slide #3. Meritor, Inc. Corporate Bonds

Company: Meritor, Inc. (NYSE:MTOR)
Date announced: 5/29/2013
$Amount Offered: $275,000,000
Bond Offering Details: Meritor, Inc. (NYSE: MTOR) today announced the pricing of its senior unsecured notes in an aggregate principal amount of $275 million in an underwritten registered public offering (the "Notes"). The $275 million of Notes will mature on June 15, 2021 and will bear interest at an annual rate of 6-3/4%. The offering is expected to close on May 31, 2013, subject to customary closing conditions.

Meritor is a global supplier of a range of integrated systems, modules and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation and industrial sectors. Co. serves commercial truck, trailer, military, bus and coach, construction, and other industrial OEMs and certain aftermarkets. Co.'s principal products are axles, undercarriages, drivelines, brakes and braking systems. Co. sells other complimentary products, including third party and private label items, through its aftermarket distribution channels.

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Company Name:  Meritor Inc
Sector:  Auto Parts
Number of ETFs Holding MTOR:  26
Total Market Value Held by ETFs:  $94.46M
Total Market Capitalization:  $1.19B
% of Market Cap. Held by ETFs:  7.97%

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January 20, 2017    8:53 AM Eastern
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