American Axle (AXL) Files 14M Common Shelf

American Axle & Manufacturing Holdings, Inc. (NYSE: AXL) announced today that it has commenced an offering of 14,000,000 shares of its common stock pursuant to an effective shelf registration statement on Form S-3 filed previously with the Securities and Exchange Commission. The company intends to grant the underwriters an option for 30 days to purchase up to 2,100,000 additional shares of common stock to cover over-allotments, if any.

The company plans to use the net proceeds from this offering for general corporate purposes.

J.P. Morgan and BofA Merrill Lynch are serving as the joint book-runners for the common stock offering.