December 8, 2009 (FinancialWire) American Axle & Manufacturing Holdings, Inc. (NYSE: AXL) said its wholly owned subsidiary, American Axle & Manufacturing, Inc., is planning an offering of senior secured notes.
The notes will bear interest at a rate to be determined at pricing and will be unconditionally guaranteed on a senior secured basis by Holdings and certain of AAMs present and future wholly owned domestic subsidiaries.
AAM plans to use the net proceeds to repay all amounts outstanding under an Amended and Restated Credit Agreement dated as of June 14, 2007, as amended and restated as of September 16, 2009, among AAM, Holdings, a lenders party and JPMorgan Chase Bank, N.A., as collateral agent.
It also plans to repay certain outstanding loans under a Revolving Credit Agreement dated as of January 9, 2004, as amended and restated as of September 16, 2009 among AAM, Holdings, a lenders party and JPMorgan Chase Bank, N.A., as administrative agent.
American Axle is engaged in the manufacture, engineering, design and validation of driveline and drivetrain systems and related components and modules, chassis systems and metal-formed products for trucks, sport utility vehicles, passenger cars and crossover utility vehicles.
FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.
Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279). The most recently issued reports and/or recorded webcasts include Aria International Holdings, Inc. (OTCBB: ARAH), Continental Materials Corp. (AMEX: CUO), Darling International, Inc. (NYSE: DAR), Document Security Systems, Inc. (AMEX: DMC), and Juhl Wind, Inc. (OTCBB: JUHL).
Rayonier Prices Private Placement of $150 Million Senior Exchangeable Notes Rayonier (NYSE:RYN) today announced pricing of the offering by its wholly owned subsidiary, Rayonier TRS Holdings Inc. ("TRS"), of $150 million aggregate principal amount of senior exchangeable notes due... |
Accuride Announces Second Temporary Waiver Agreement with Lenders Accuride Corporation (OTCBB: AURD) today announced that it has entered into a Second Temporary Waiver Agreement with its lenders party to its Fourth Amended and Restated Credit Agreement. The Second Temporary... |
Correction: Fitch Rates Hovnanian’s Senior Secured Notes ‘B-/RR3′ (This an amended version of a press release issued yesterday containing revised ratings information.)Fitch Ratings has assigned a 'B-/RR3' rating to Hovnanian Enterprises, Inc.'s (NYSE: HOV) $785 million,... |
Rayonier Announces Proposed Private Placement of $150 Million Senior Exchangeable Notes Rayonier (NYSE:RYN) today announced that its wholly owned subsidiary, Rayonier TRS Holdings Inc. (“TRS”), intends to offer, subject to market and other conditions, approximately $150 million aggregate... |
Blackstone to Offer Senior Notes The Blackstone Group L.P. (NYSE: BX) today announced its intention to offer, subject to market and other conditions, senior notes of Blackstone Holdings Finance Co. L.L.C., its indirect subsidiary. The... |
StockPreacher.com issues Trading Outlook for American Axle & Manufacturing Holdings Inc. (EMAILWIRE.COM, September 18, 2009 ) DALLAS, Texas - StockPreacher.com announces an investment report featuring auto parts maker American Axle & Manufacturing Holdings Inc. (NYSE: AXL). The investment... |
