0001104659-21-106555.txt : 20210817 0001104659-21-106555.hdr.sgml : 20210817 20210816190803 ACCESSION NUMBER: 0001104659-21-106555 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20210817 DATE AS OF CHANGE: 20210816 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN AXLE & MANUFACTURING HOLDINGS INC CENTRAL INDEX KEY: 0001062231 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 383161171 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-236448 FILM NUMBER: 211180445 BUSINESS ADDRESS: STREET 1: ONE DAUCH DRIVE CITY: DETROIT STATE: MI ZIP: 48211-1198 BUSINESS PHONE: 3137583600 MAIL ADDRESS: STREET 1: ONE DAUCH DRIVE CITY: DETROIT STATE: MI ZIP: 48211-1198 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN AXLE & MANUFACTURING HOLDINGS INC CENTRAL INDEX KEY: 0001062231 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 383161171 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: ONE DAUCH DRIVE CITY: DETROIT STATE: MI ZIP: 48211-1198 BUSINESS PHONE: 3137583600 MAIL ADDRESS: STREET 1: ONE DAUCH DRIVE CITY: DETROIT STATE: MI ZIP: 48211-1198 FWP 1 a21-24875_3fwp.htm FWP

 

Filed Pursuant to Rule 433
Registration No. 333-236448
Dated: August 16, 2021

 

American Axle & Manufacturing, Inc.

 

Pricing Term Sheet

 

 

Issuer:

American Axle & Manufacturing, Inc.

Guaranteed by:

American Axle & Manufacturing Holdings, Inc. and certain of its subsidiaries

Face:

$600,000,000

Net Proceeds to Issuer Before Expenses:

$592,500,000

Maturity:

October 1, 2029

Coupon:

5.000%

Price:

100.000% of face amount

Yield to Maturity:

5.000%

Interest Payment Dates:

April 1 and October 1, commencing April 1, 2022 (long first coupon)

Equity Clawback:

Prior to October 1, 2024, up to 40% at 105.000%

Redemption Provisions:

 

Optional Redemption:

Make-whole call @ T+50 basis points prior to October 1, 2024, plus accrued and unpaid interest to the redemption date, then:

 

 

 

On or after:

 

Price:

 

 

October 1, 2024

 

102.500

%

 

October 1, 2025

 

101.250

%

 

October 1, 2026 and thereafter

 

100.000

%

 

 

Change of Control:

Put @ 101% of principal plus accrued and unpaid interest

Trade Date:

August 16, 2021

 


 

Settlement:

(T+3); August 19, 2021

 

We expect that delivery of the notes will be made to investors on or about August 19, 2021, which will be the third business day following the date of the prospectus supplement (such settlement being referred to as “T+3”). Under Rule 15c6-1 under the Securities Exchange Act of 1934, trades in the secondary market are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade notes on the date of pricing will be required, by virtue of the fact that the notes initially settle in T+3, to specify an alternate settlement arrangement at the time of any such trade to prevent a failed settlement. Purchasers of the notes who wish to trade the notes prior to their date of delivery hereunder should consult their advisors.

CUSIP:

02406P BB5

ISIN:

US02406PBB58

 

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates and a preliminary prospectus supplement relating to this offering.  Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering.  You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov.  Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and the preliminary prospectus supplement if you request it by directing a request to BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attn: Prospectus Department, by email at dg.prospectus_requests@bofa.com, or by calling toll-free at 1-800-294-1322.

 

Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded.  Such disclaimer or notice was automatically generated as a result of this communication being sent by Bloomberg or another email system.

 


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