February 24, 2010 (FinancialWire) — ArvinMeritor, Inc. (NYSE: ARM) said it is offering 15 million shares of its common stock in an underwritten registered public offering. In connection with this offering, ArvinMeritor intends to grant the underwriters an over-allotment option to purchase up to 2.25 million additional shares of its common stock.

ArvinMeritor plans to use the net proceeds from the offering to repay amounts outstanding under its revolving secured credit facility and its U.S. accounts receivable securitization program and for general corporate purposes.

Michigan-based ArvinMeritor is a supplier of a 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.

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