American Axle calls $42.5 million of 9¼% senior secured notes at 103

By Susanna Moon

Chicago, May 6 - American Axle & Manufacturing, Inc. said it will redeem its $42.5 million of outstanding 9¼% senior secured notes due 2017 at 103 on June 6.

The company also will pay $36.23 per $1,000 principal amount for accrued interest to the redemption date, according to a company news release.

U.S. Bank NA is the paying agent.

The issuer is a Detroit-based automotive supplier.

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