Meritor, Inc. -- Moody's: Meritor's ratings unaffected by $225 million add-on to 6 ¼% notes due 2024; outlook is stable.

New York, June 08, 2015 -- Moody's Investors Service said that Meritor's B1 Corporate Family Rating, Ba1 senior secured rating, and B2 senior unsecured rating are unchanged by the company's offering of $225 million of additional principal amount of its already outstanding 6 ¼% notes due 2024 that are rated B2. Proceeds of the new offering will be used principally to fund the purchase of an annuity to satisfy obligations under the company's German pension plan and to repay a portion of its 7.875% convertible senior notes. The company's rating outlook remains stable. For further information see www.moodys.com

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