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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