0001104659-18-016876.txt : 20180313 0001104659-18-016876.hdr.sgml : 20180313 20180312205152 ACCESSION NUMBER: 0001104659-18-016876 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20180313 DATE AS OF CHANGE: 20180312 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Metaldyne Sinterforged Products, LLC CENTRAL INDEX KEY: 0001634014 IRS NUMBER: 270951460 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-217033-43 FILM NUMBER: 18685027 BUSINESS ADDRESS: STREET 1: C/O METALDYNE PERFORMANCE GROUP INC. STREET 2: 47659 HALYARD DRIVE CITY: PLYMOUTH STATE: MI ZIP: 48170 BUSINESS PHONE: 734-207-6200 MAIL ADDRESS: STREET 1: C/O METALDYNE PERFORMANCE GROUP INC. STREET 2: 47659 HALYARD DRIVE CITY: PLYMOUTH STATE: MI ZIP: 48170 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Metaldyne Sinterforged Products, LLC CENTRAL INDEX KEY: 0001634014 IRS NUMBER: 270951460 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: C/O METALDYNE PERFORMANCE GROUP INC. STREET 2: 47659 HALYARD DRIVE CITY: PLYMOUTH STATE: MI ZIP: 48170 BUSINESS PHONE: 734-207-6200 MAIL ADDRESS: STREET 1: C/O METALDYNE PERFORMANCE GROUP INC. STREET 2: 47659 HALYARD DRIVE CITY: PLYMOUTH STATE: MI ZIP: 48170 FWP 1 a18-7124_24fwp.htm FWP

 

Filed Pursuant to Rule 433
Registration No. 333-217033
Dated: March 12, 2018

 

American Axle & Manufacturing, Inc.

 

Pricing Term Sheet

 

 

Issuer:

American Axle & Manufacturing, Inc.

Guaranteed by:

American Axle & Manufacturing Holdings, Inc. and certain subsidiaries

Face:

$400,000,000

Net Proceeds to Issuer Before Expenses:

$394,500,000

Maturity:

March 15, 2026

Coupon:

6.250%

Price:

100.000% of face amount

Yield to Maturity:

6.250%

Spread to Treasury:

+345 basis points

Benchmark Treasury:

2.750% due February 28, 2025

Interest Payment Dates:

March 15 and September 15, commencing September 15, 2018

Equity Clawback:

Prior to March 15, 2021, up to 35% at 106.250%

Redemption Provisions:

 

Optional Redemption:

Make-whole call @ T+50 basis points prior to March 15, 2021, plus accrued and unpaid interest to the redemption date, then:

 

On or after:

 

Price:

 

 

March 15, 2021

 

103.125

%

 

March 15, 2022

 

101.563

%

 

March 15, 2023 and thereafter

 

100.000

%

Change of Control:

Put @ 101% of principal plus accrued and unpaid interest

Trade Date:

March 12, 2018

Settlement:

(T+10); March 26, 2018

 

We expect that delivery of the notes will be made to investors on or about March 26, 2018, which will be the 10th business day following the date of the prospectus supplement (such settlement being

 



 

 

referred to as “T+10”). 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 or the next seven succeeding business days will be required, by virtue of the fact that the notes initially settle in T+10, 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:

02406PAY6

ISIN:

US02406PAY60

 

The issuer has filed a registration statement, as amended by Post-Effective Amendment No. 1 thereto, (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 if you request it by calling Citigroup Global Markets Inc. toll-free at 1-800-831-9146.

 

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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