Company Overview of American Axle & Manufacturing, Inc.
American Axle & Manufacturing, Inc. designs, engineers, and manufactures driveline and drivetrain systems, and related components for light trucks, SUVs, passenger cars, and crossover and commercial vehicles. It offers driveline systems, such as rear beam axles and axle systems, front axles, propeller shafts, axle differentials, torque transfer devices, electronic control coupling products, and CV joints. It also offers drivetrain systems, including transfer cases, power transfer units, and transaxle and transfer case differentials; and powertrain components, such as transmission/transfer case components, intake manifolds, oil pans, and bell housings. Its chassis system components include su...
One Dauch Drive
Detroit, MI 48211-1198
Founded in 1993
Key Executives for American Axle & Manufacturing, Inc.
Chief Financial Officer and Executive Vice President of Finance
Co-managing Director - AAM India
Co-Managing Director - AAM India
Compensation as of Fiscal Year 2012.
American Axle & Manufacturing, Inc. Key Developments
American Axle & Manufacturing, Inc. Completes the Sale of $400 Million Aggregate Principal Amount of 6.25% Senior Notes Due 2021
Feb 28 13
American Axle & Manufacturing, Inc. completed the closing of the sale of $400 million aggregate principal amount of 6.25% senior notes due 2021. The Notes are guaranteed on a senior unsecured basis by the company and certain of AAM’s current and future subsidiaries (such subsidiary guarantors, together with the Company, the ‘Guarantors’). The Notes were issued by AAM pursuant to an Indenture, dated as of November 3, 2011 (the ‘Indenture’), by and among AAM, the Guarantors and U.S. Bank National Association, as trustee (the ‘Trustee’), which governs the terms of the Notes.
American Axle & Manufacturing, Inc. Announces First Supplemental Indenture for $250 Million Senior Notes Due 2014
Sep 18 12
On September 17, 2012, in connection with the cash tender offer and consent solicitation by American Axle & Manufacturing, Inc. for any and all of its outstanding $250 million aggregate principal amount of 5.25% senior notes due February 11, 2014, the company and The Bank of New York Mellon Trust Company, N.A., as trustee, entered into a first supplemental indenture dated as of September 17, 2012. On September 18, 2012 the company accepted for payment and paid for $137,833,000 aggregate principal amount of the notes. The First Supplemental Indenture amends and supplements the indenture, dated as of February 11, 2004, among the company, American Axle & Manufacturing Holdings, Inc., as guarantor, and the Trustee, pursuant to which the notes were issued. The First Supplemental Indenture became operative on September 18, 2012 upon the acceptance and payment by the company of all notes tendered in the tender offer before 5:00 p.m., September 17, 2012. The First Supplemental Indenture amends the Indenture to, among other things, eliminate most of the restrictive covenants and certain default provisions applicable to the Notes.
American Axle & Manufacturing, Inc. Announces Early Results of Tender Offer and Consent Solicitation for 5.25% Senior Notes Due 2014
Sep 18 12
American Axle & Manufacturing Holdings, Inc. announced the interim results of the previously announced tender offer and consent solicitation by its subsidiary, American Axle & Manufacturing, Inc. As of 5:00 p.m., New York City time, on September 17, 2012 (the ‘Early Tender Time’), a total of $137.8 million principal amount of the company's 5.25% senior notes due 2014 had been tendered and the related consents delivered. Pursuant to the terms of the tender offer, the company accepted for payment all notes validly tendered (and not validly withdrawn) prior to the Early Tender Time, and holders who tendered such notes received $1,067 per $1,000 in principal amount of notes validly tendered, plus accrued and unpaid interest up to, but not including, the payment date for such notes, which was on September 18, 2012. The tender offer will expire at 11:59 p.m., New York City time, on October 1, 2012, unless extended (such date and time, as the same may be extended, the ‘Expiration Time’). Holders who validly tender their notes after the Early Tender Time and before the Expiration Time will be eligible to receive $1,037 per $1,000 principal amount of notes, plus accrued and unpaid interest up to, but not including, the final settlement date, which is expected to be the next business day after the Expiration Time. Based on the consents received, the Company and the trustee under the indenture governing the notes have entered into a supplemental indenture that eliminates most of the covenants and certain default provisions applicable to the notes. Tendered notes may no longer be withdrawn and the related consents may no longer be revoked. Any extension, delay, termination or amendment of the tender offer will be followed as promptly as practicable by a public announcement thereof.
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