Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 1.0
Dauch Corp incurred term loan of $675 million term loan B facility with New Tranche B Term Lenders and JPMorgan Chase Bank, N.A., as administrative agent at Term SOFR loans will bear interest at the applicable Adjusted Term SOFR Rate plu maturing December 13, 2029.
- Instrument
- term loan
- Principal
- $675 million term loan B facility
- Counterparty
- New Tranche B Term Lenders and JPMorgan Chase Bank, N.A., as administrative agent
- Rate
- Term SOFR loans will bear interest at the applicable Adjusted Term SOFR Rate plu
- Maturity
- December 13, 2029
- Event
- incurrence
Exact text from the filing
On December 13, 2022, American Axle & Manufacturing Holdings, Inc. (“ Holdings ”), American Axle & Manufacturing, Inc., a wholly owned subsidiary of Holdings (“ AAM ”) entered into the Refinancing Facility Agreement No. 1 (the “ Refinancing Facility Agreement ”), among AAM, as borrower, Holdings, each financial institution party thereto as a lender (the “ New Tranche B Term Lenders ”) and JPMorgan Chase Bank, N.A., as administrative agent (the “ Administrative Agent ”), amending the Amended and Restated Credit Agreement, dated as of March 11, 2022 (the “ Amended and Restated Credit Agreement ”), among AAM, as borrower, Holdings, each financial institution party thereto from time to time as a lender, and the Administrative Agent. Pursuant to the Refinancing Facility Agreement, the New Tranche B Term Lenders agreed to provide a $675 million term loan B facility (the “ New Term Loan B Facility ”), the proceeds from which, together with cash on hand of AAM and the proceeds of a $25 million
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Dauch Corp entered into Refinancing Facility Agreement No. 1 with JPMorgan Chase Bank, N.A. (as administrative agent) and the New Tranche B Term Lenders valued at $675 million term loan B facility (effective 2022-12-13).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A. (as administrative agent) and the New Tranche B Term Lenders
- Value
- $675 million term loan B facility
- Effective
- 2022-12-13
Exact text from the filing
On December 13, 2022, American Axle & Manufacturing Holdings, Inc. (“ Holdings ”), American Axle & Manufacturing, Inc., a wholly owned subsidiary of Holdings (“ AAM ”) entered into the Refinancing Facility Agreement No. 1 (the “ Refinancing Facility Agreement ”), among AAM, as borrower, Holdings, each financial institution party thereto as a lender (the “ New Tranche B Term Lenders ”) and JPMorgan Chase Bank, N.A., as administrative agent (the “ Administrative Agent ”), amending the Amended and Restated Credit Agreement, dated as of March 11, 2022 (the “ Amended and Restated Credit Agreement ”), among AAM, as borrower, Holdings, each financial institution party thereto from time to time as a lender, and the Administrative Agent.
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