Combination Update: Positive Development in U.S. Antitrust Clearance. DETROIT, March 13, 2025 /PRNewswire/ -- AAM (NYSE: AXL) and Dowlais are pleased to announce the expiration of the waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act") for the proposed combination of Dowlais with AAM. The expiration of the waiting period under the HSR Act satisfies one of the conditions to closing the Combination. Filing processes in other jurisdictions are progressing and the Combination is expected to close in the fourth quarter of 2025, subject to satisfaction of the remaining conditions as set out in the Rule 2.7 announcement released by AAM and Dowlais on 29 January 2025 (the "Rule 2.7 Announcement")

AAM to present at the Wolfe Research Virtual Autos Summit on March 18.

American Axle & Manufacturing Holdings, Inc. (AAM) secured a $2.2 billion financing package for its merger with Dowlais Group plc. The package includes an $843 million Term Loan B, an $843 million 1st Lien Senior Secured Bridge Facility, and a $500 million 2nd Lien Senior Secured Bridge Facility. AAM also amended its Credit Agreement, extending the Revolving Credit Facility and Term Loan A to a new five-year term and increasing commitments under the RCF to $1.5 billion.