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American Axle to redeem $150 million of 9¼% senior notes due 2017
By Tali David
Minneapolis, Oct. 15 - American Axle & Manufacturing, Inc. called $150 million of its 9¼% senior secured notes due Jan. 1, 2017, according to two notices.
The company will redeem $107.5 million of bonds at 106.77529302 plus accrued interest on Oct. 16.
It will also redeem $42.5 million of bonds at 103 plus accrued interest, also on Oct. 16.
U.S. Bank NA is the trustee or agent.
American Axle is a Detroit-based producer of driveline and drivetrain systems and related components and chassis modules for the automotive industry.
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