
ArvinMeritor Inc announced that it has increased the price it will pay for its 8.75% Notes due 2012 that are tendered pursuant to its previously announced tender offer for up to USD 175 million aggregate principal amount of ArvinMeritor's 8.75% Notes due 2012.
The total consideration for each USD 1,000 principal amount of notes tendered pursuant to the offer has been increased to USD 1,097.50. Holders of notes that are validly tendered and not validly withdrawn at or before 5:00 PM New York City time on the Early Tender Date of March 8th 2010 will receive the Total Consideration for their notes that are accepted for purchase in the offer.
Holders who tender notes at or before 5:00 PM New York City time on March 8th 2010 can withdraw tenders at or before 5:00 PM New York City time on March 8th 2010, but not thereafter. Holders who tender notes after 5:00 PM New York City time on March 8th 2010 cannot withdraw their tenders.
In addition to any consideration received, holders who tender notes that are accepted for payment in the offer will be paid any accrued and unpaid interest calculated up to but not including the settlement date. The settlement date is expected to be March 23rd 2010, which is one day after the Expiration Date or promptly thereafter.
The Expiration Date and the Early Tender Date have not been extended and all of the other terms and conditions of the offer remain in effect as described in the Offer to Purchase dated February 23rd 2010.
BofA Merrill Lynch, JP Morgan, Citi and RBS are the dealer managers for the offer. Global Bondholder Services Corporation is the Information Agent and Depositary for the offer. This news release is neither an offer to purchase nor a solicitation of an offer to sell the securities. The offer is made only by the Offer to Purchase dated February 23rd 2010, and the information in this news release is qualified by reference to the Offer to Purchase.










