AAM Announces Debt Refinancing Plan with $2.1 Billion Note Offering to Fund Business Combination and Redeem Existing Debt

Reuters

Sep 23, 2025

AAM Announces Debt Refinancing Plan with $2.1 Billion Note Offering to Fund Business Combination and Redeem Existing Debt

American Axle & Manufacturing Holdings Inc. $(AAM)$ has announced the pricing and upsizing of its senior secured and unsecured notes, aimed at managing its debt and financing a business combination. The company plans to issue $850 million in 6.375% senior secured notes due 2032 and $1.25 billion in 7.750% senior unsecured notes due 2033. The proceeds will be utilized to facilitate a business combination with Dowlais Group plc, repay Dowlais's existing credit facilities, fund a change of control offer for certain Dowlais notes, and redeem portions of AAM's outstanding notes due in 2027 and 2028. This strategic financial maneuver is expected to close on October 3, 2025, subject to customary conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AAM - American Axle & Manufacturing Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-091700), on September 19, 2025, and is solely responsible for the information contained therein.

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AAM - American Axle &amp; Manufacturing Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-091700), on September 19, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AXL","symbol_name":"American Axle & Mfg","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250923:nNDL9ffCtD:1","article_id":"2569714841","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2569714841","pubTimestamp":1758642673,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"American Axle & Manufacturing Holdings Inc.  has announced the pricing and upsizing of its senior secured and unsecured notes, aimed at managing its debt and financing a business combination. 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