-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BUp7Xk8Qh2f9AVQ78AdWlYy/dzb1SN0eX93xRIOvSAeJRllEWsGTwWp/dP5Nd5+W Lk1s23WcASkikCS/jGVnQg== 0000950124-04-000467.txt : 20040217 0000950124-04-000467.hdr.sgml : 20040216 20040217120541 ACCESSION NUMBER: 0000950124-04-000467 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040213 ITEM INFORMATION: Other events FILED AS OF DATE: 20040217 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ARVINMERITOR INC CENTRAL INDEX KEY: 0001113256 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 383354643 STATE OF INCORPORATION: IN FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15983 FILM NUMBER: 04605551 BUSINESS ADDRESS: STREET 1: 2135 W MAPLE ROAD CITY: TROY STATE: MI ZIP: 48084 BUSINESS PHONE: 2484351000 FORMER COMPANY: FORMER CONFORMED NAME: MU SUB INC DATE OF NAME CHANGE: 20000501 8-K 1 k82998e8vk.txt CURRENT REPORT, DATED 2/16/04 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 13, 2004 ARVINMERITOR, INC. ------------------ (Exact name of registrant as specified in its charter) Indiana 1-15983 38-3354643 - ---------------------------- ---------------- ---------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File No.) Identification No.) 2135 West Maple Road Troy, Michigan -------------- (Address of principal executive offices) 48084-7186 ---------- (Zip code) Registrant's telephone number, including area code: (248) 435-1000 ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE. Moody's Investors Service (Moody's) has assigned credit ratings to the debt of ArvinMeritor, Inc. As discussed under Item 7. "Management's Discussion and Analysis of Financial Condition and Results of Operations -- Liquidity" in ArvinMeritor's Annual Report on Form 10-K for the fiscal year ended September 28, 2003 (Form 10-K), Moody's placed ArvinMeritor on negative credit watch on July 8, 2003, indicating that the credit ratings were under review. On February 13, 2004, Moody's lowered the rating of ArvinMeritor's senior unsecured long-term debt to Ba1 from Baa3. As discussed in Note 14 of the Notes to Consolidated Financial Statements in the Form 10-K and Note 14 of the Notes to Consolidated Financial Statements in ArvinMeritor's Form 10-Q for the Quarterly Period ended December 28, 2003, ArvinMeritor has two unsecured credit facilities maturing on June 27, 2005 that provide for up to $1.15 billion of revolving borrowings. Borrowings under these agreements are subject to interest based on quoted LIBOR rates plus a margin, and a facility fee, both of which are based on ArvinMeritor's credit rating. As a result of the downgrading by Moody's, the margin over the LIBOR rate increased from 115 to 125 basis points, and the facility fee increased from 22.5 to 25 basis points. At December 31, 2003, ArvinMeritor had $81 million of borrowings outstanding under these agreements. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ARVINMERITOR, INC. By: /s/ Vernon G. Baker, II ------------------------ Vernon G. Baker, II Senior Vice President and General Counsel Date: February 17, 2004 -----END PRIVACY-ENHANCED MESSAGE-----