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American Axle & Manufacturing Plans Roughly $1.44 Billion Debt Offering to Finance Dowlais Group Merger

BY MT Newswires | CORPORATE | 09/15/25 08:13 AM EDT

08:13 AM EDT, 09/15/2025 (MT Newswires) -- American Axle & Manufacturing Holdings (AXL) said Monday its wholly owned subsidiary plans to sell $843 million in senior secured notes due 2032 and $600 million in senior unsecured notes due 2033.

The company said the secured notes will be backed by first-priority liens on its and certain subsidiaries' assets.

Net proceeds from the offering, along with borrowings under the company's existing credit deal and available cash, will be allocated toward the cash consideration for the Dowlais Group merger and general corporate purposes, among other purposes, American Axle & Manufacturing (AXL) said.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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