Shearman And Sterling

News June 12, 2020

American Axle’s $400 Million Notes Offering

Shearman & Sterling represented American Axle Manufacturing, Inc. (AAM), along with its parent and certain subsidiary guarantors, in connection with its offering of $400 million of senior notes. The proceeds of the offering will be used to fund the redemption of its 6.625 percent notes due 2022, including the payment of accrued interest, and the remainder will be used for general corporate purposes.

BofA Securities, Barclays, Citigroup, J.P. Morgan and RBC Capital Markets acted as joint book-running managers in connection with the offering.

AAM is a global Tier I supplier to the automotive industry. AAM designs, engineers and manufactures driveline and metal forming products that are making the next generation of vehicles smarter, lighter, safer and more efficient. AAM employs over 20,000 associates, operating at nearly 80 facilities in 17 countries, to support its customers on global and regional platforms with a focus on quality, operational excellence and technology leadership.

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