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Slideshow Corporate Bonds

By The Online Investor Staff, updated Fri., Mar. 29, 5:56 AM

Slide #3. Meritor, Inc. Corporate Bonds

Company: Meritor, Inc. (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 segments are: Commercial Truck, which supplies drivetrain systems and components, including axles, drivelines and braking and suspension systems; Aftermarket and Industrial, which supplies axles, brakes, drivelines, suspension parts and other replacement parts to commercial vehicle and industrial aftermarket customers.
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Company Name:  Meritor Inc
Website:  www.Meritor.com
Sector:  Auto Parts
 

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March 29, 2024    5:56 AM Eastern
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Strong Buy (4.00 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)

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