Internship
No salary listed
Detroit, MI, USA
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Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Detroit, Michigan
Founded
1994
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401(k) Retirement Plan
AAM to present at the BofA Securities 2025 Global Automotive Summit on April 15.
DETROIT, March 17, 2025 /PRNewswire/ -- American Axle Manufacturing (NYSE: AXL) has named Terry Grayson-Caprio to its Board of Directors. Grayson-Caprio is a retired Managing Partner of KPMG LLP. AAM logo (PRNewsfoto/American Axle Manufacturing) "I am pleased to welcome Terry as the latest addition to the AAM Board of Directors," said David C. Dauch, AAM's Chairman and CEO. "Her financial expertise, together with her experience partnering with global companies on transformational change, large-scale growth, and integration further strengthens the background and skills represented on our Board." With more than 40 years of business experience, including 10 years as a Managing Partner at a Big Four firm, Grayson-Caprio is a financial expert and valued business strategist. She has assisted a variety of public and private clients, specializing in industrial markets (automotive and advanced materials manufacturing), consumer markets, and international growth companies to manage growth, acquisitions, and expansion
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.