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ArvinMeritor Announces Pricing of $250 Million of Senior Unsecured Notes
TROY, Mich., Feb 26, 2010 /PRNewswire via COMTEX/ -- ArvinMeritor, Inc. (NYSE: ARM) today announcedthe pricing of its senior unsecured notes in an aggregate principal amount of $250 million in an underwritten registered public offering. The $250 million of notes will mature in March 2018 and will bear interest at an annual rate of 10.625%. The offering is expected to close on March 3, 2010, subject to customary closing conditions.

ArvinMeritor intends to use the net proceeds from the offering to repurchase up to $175 million of its 8-3/4% notes due 2012 and for general corporate purposes.

BofA Merrill Lynch, J.P. Morgan Securities Inc., Citi and RBS Securities Inc. 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 securities, nor shall there be any offer or sale of the securities in any jurisdiction where the offer or sale is not permitted. The offering of securities 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:

    Banc of America Securities LLC
    One Bryant Park
    New York, New York 10036
    Attn: Prospectus Department
    Telephone: 1-800-294-1322

    J.P. Morgan Securities Inc.
    4 Chase Metrotech Center
    CS Level
    Brooklyn, New York 11425
    Attn: Prospectus Library
    Telephone: 1-718-242-8002 or 1-866-430-0686

    Brooklyn Army Terminal
    140 58th Street, 8th Floor
    Brooklyn, New York 11220
    Telephone: 1-877-858-5407

    RBS Securities Inc.
    600 Washington Boulevard
    Stamford, Connecticut 06901
    Attn: Debt Syndicate
    Telephone: 1-866-884-2071

ArvinMeritor, Inc. is a global supplier of a broad range of integrated systems, modules and components to original equipment manufacturers and the aftermarket for the transportation and industrial sectors. The company serves commercial truck, trailer and specialty original equipment manufacturers and certain aftermarkets, and light vehicle manufacturers. ArvinMeritor common stock is traded on the New York Stock Exchange under the ticker symbol ARM.

Forward-Looking Statements

This press release contains statements relating to future results of the company (including certain projections and business trends) that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "anticipate," "estimate," "should," "are likely to be," "will" and similar expressions. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in filings of the company with the SEC. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by law.

(Logo: http://www.newscom.com/cgi-bin/prnh/20010524/ARVINLOGO )

SOURCE ArvinMeritor, Inc.

2014 Meritor, Inc. All Rights Reserved.

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