American Axle plans to sell $200 million 5.25-year notes Tuesday

By Paul A. Harris

Portland, Ore., Nov. 5 - American Axle & Manufacturing, Inc. plans to price a $200 million offering of 5.25-year senior notes (B2) Tuesday, according to a market source.

J.P. Morgan Securities LLC, BofA Merrill Lynch, Barclays, Citigroup Global Markets Inc. and RBC Capital Markets are the joint bookrunners.

The notes come with two years of call protection.

The Detroit-based manufacturer of vehicle drivetrain and chassis systems plans to use the proceeds to redeem its 9¼% senior notes due 2017.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.