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Shearman & Sterling Advises on $2.55 Billion American Axle Financing

13 Apr 2017

Shearman & Sterling represented American Axle & Manufacturing, Inc. (“AAM”), as borrower, and American Axle & Manufacturing Holdings, Inc. (“Holdings”) and certain of their subsidiaries in connection with the $2.55 billion financing for AAM (consisting of a $100 million term loan A facility, a $1.55 billion term loan B facility, a $900 million revolving credit facility (including a $250 million letter of credit facility)) to finance a portion of the consideration for Holdings’ acquisition of Metaldyne Performance Group, Inc. (“MPG”) on April 6, 2017, the repayment of existing indebtedness of AAM and MPG, and for general corporate purposes.

The Shearman & Sterling team included partner Denise M. Grant (New York-Project Development & Finance); counsel Barbara Edwards (New York-Project Development & Finance); and associates Jackson Murley (New York-Project Development & Finance), James Ireland, Arman Naraghi-Pour and Ashiq Aziz (all New York-Corporate).

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