American Axle & Manufacturing Holdings Inc. $(AAM)$ has announced a proposed private offering of senior secured and unsecured notes. The offering, conducted through its subsidiary, is expected to raise $843 million in senior secured notes due 2032 and $600 million in senior unsecured notes due 2033. The secured notes will be backed by a first priority security interest in most of the company's assets. Proceeds from the offering will be used to facilitate a business combination with Dowlais Group plc, repay existing credit facilities of Dowlais, and for general corporate purposes, including potential debt repayment.