American Axle & Manufacturing Announces Extension of Debt Exchange Offer
9 June 1999
American Axle & Manufacturing Announces Extension of Debt Exchange OfferDETROIT, June 8 -- American Axle & Manufacturing, Inc. announced today that it will extend its offer to exchange $300 million of its outstanding 9 3/4 percent senior subordinated notes due 2009 for an equal amount of notes which have been registered with the Securities and Exchange Commission and have the same terms as the outstanding notes. The exchange offer was made through the Company's Registration Statement (Form S-4 No. 333-76605) and Prospectus dated May 6, 1999. As of June 7, 1999, approximately $297,500,000 of the outstanding notes had been tendered. American Axle & Manufacturing, Inc. (AAM) is extending its offer to exchange the remaining outstanding 9 3/4 percent senior subordinated notes until 5 p.m. EST on June 10, 1999. AAM is a world leader in the design, engineering and manufacture of driveline systems, chassis systems and forged products for trucks, buses, sport utility vehicles, and passenger cars. In addition to 12 locations in the United States (in Michigan, Ohio and New York), AAM has offices and facilities in Japan, England, Germany, and Scotland and it is currently building a manufacturing facility and business office in Mexico. Certain statements contained in this press release which are not historical facts contain forward-looking information with respect to the Company's plans, projections or future performance, the occurrence of which involve risks and uncertainties that could cause the Company's actual results or plans to differ materially from those expected by the Company which include risk factors described in the Company's prospectuses filed with the Securities and Exchange Commission. For more information, contact Patrick J. Paige, director, Corporate Relations & Communications, at 313-974-2948, or visit the AAM website at http://www.aam.com.