March 1, 2010 (FinancialWire) — ArvinMeritor, Inc. (NYSE: ARM) has priced a public offering of senior unsecured notes in an aggregate principal amount of $250 million. The $250 million of notes will mature in March 2018 and will bear interest at an annual rate of 10.625%.

The offering is scheduled to close on March 3, 2010, subject to customary closing conditions.

ArvinMeritor plans 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.

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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