American Axle (AXL) Subsidiary Announces Senior Notes Offering

American Axle & Manufacturing Holdings, Inc. (NYSE: AXL) announced today that its wholly owned subsidiary, American Axle & Manufacturing, Inc., is planning an offering of senior secured notes in an offering exempt from the registration requirements of the Securities Act of 1933.

The notes will bear interest at a rate to be determined at pricing and will be unconditionally guaranteed on a senior secured basis by Holdings and certain of AAM's present and future wholly owned domestic subsidiaries. The notes and the guarantees will be secured, subject to certain permitted liens and other exceptions and to certain limitations with respect to enforcement by substantially all of AAM's, Holdings' and the guarantors' assets on a first-priority basis equally and ratably with AAM's, Holdings' and the guarantors' obligations under the existing revolving credit agreement and certain other first lien obligations.

AAM intends to use the net proceeds to repay all amounts outstanding under the Amended and Restated Credit Agreement dated as of June 14, 2007, as amended and restated as of September 16, 2009, among AAM, Holdings, the lenders party thereto and JPMorgan Chase Bank, N.A., as collateral agent, and to repay certain outstanding loans under the Revolving Credit Agreement dated as of January 9, 2004, as amended and restated as of September 16, 2009 among AAM, Holdings, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent. In connection with the repayment of loans under the Revolving Credit Agreement AAM will also reduce certain commitments under such agreement.

The senior notes to be offered have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.