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Prospect News home > News index > List of issuers A > Headlines for American Axle & Manufacturing Holdings, Inc. > News item
Published on 5/17/2006 in the Prospect News Convertibles Daily.

American Axle & Manufacturing holders may convert senior convertibles due 2024

By Jennifer Chiou

New York, May 17 - American Axle & Manufacturing Holdings, Inc. said that holders of its senior convertible notes due 2024 are entitled to convert their securities due to a credit ratings downgrade.

On May 5, Standard & Poor's said it lowered its corporate credit rating on American Axle & Manufacturing Holdings to BB from BBB-.

American Axle & Manufacturing, Inc. is the guarantor and BNY Midwest Trust Co. is the trustee.

The company is a Detroit-based auto parts maker.


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