American Axle & Manufacturing Holdings Inc. or AAM (AXL) announced that it has priced its offering of $850 million of 6.375% senior secured notes due 2032 and $1.25 billion of 7.750% senior unsecured notes due 2033. The Notes offering is expected to close on 3 October 2025, subject to the satisfaction of customary closing conditions.
The company plans to use the net proceeds from the offering of the Notes to, among other things, finance a portion of the Combination.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.