---
schema_version: "secwatch.filing_event.v1"
accession: "0000947871-23-000709"
form_type: "8-K"
ticker: "DCH"
cik: "0001062231"
company_name: "Dauch Corp"
filed_at: "2023-06-29T23:59:59+00:00"
generated_at: "2026-06-13T14:37:15.183110+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# American Axle & Manufacturing amends credit agreement, repays $16.25M on Term Loan A

## Summary
- First Amendment increases maximum total net leverage ratio covenant through June 2024, reduces minimum cash interest expense coverage ratio.
- Applicable margins on Term Loan A and revolving credit increased by 0.25% during the amendment period.
- AAM to prepay $16.25 million aggregate principal on Term Loan A Facility upon closing on June 28, 2023.
- Additional restrictions placed on incurring debt, liens, and making restricted payments during amendment period.
- Amendment period ends when company delivers Q2 2024 financials or earlier if compliance is demonstrated.

## SEC filing metadata
- accession: 0000947871-23-000709
- form_type: 8-K
- ticker: DCH
- cik: 0001062231
- company_name: Dauch Corp
- filed_at: 2023-06-29T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1062231/000094787123000709/0000947871-23-000709-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1062231/000094787123000709/ss2232555_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000947871-23-000709
- JSON: https://secwatch.observer/filing/0000947871-23-000709.json
- Plain text: https://secwatch.observer/filing/0000947871-23-000709.txt

## Key facts
- Debt Financings
  Dauch Corp amended credit facility with JPMorgan Chase Bank, N.A..
  - Instrument: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Event: amendment
  source text: the First Amendment, among other things: (a) increased the maximum levels of the total net leverage ratio covenant during the Amendment Period; (b) reduced the minimum levels of the cash interest expense coverage ratio covenant during the Amendment Period; (c) modified certain categories of the applicable margin (determined based on the total net leverage ratio of Holdings) for the duration of the Amendment Period with respect to interest rates under the term loan A facility under the Amended and Restated Credit Agreement (the “Term Loan A Facility”) and interest rates under the revolving credit facility under the Amended and Restated Credit Agreement (the “Revolving Credit Facility”); and (d) modified certain covenants restricting the ability of Holdings, AAM and certain subsidiaries of Holdings to create, incur, assume or permit to exist certain additional indebtedness and liens and to make or agree to pay or make certain restricted payments, voluntary payments and distributions.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1062231/000094787123000709/0000947871-23-000709-index.htm
- Material Agreements
  Dauch Corp amended First Amendment with JPMorgan Chase Bank, N.A., as administrative agent valued at $16,250,000 (effective 2023-06-28).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
  - Value: $16,250,000
  - Effective: 2023-06-28
  source text: On June 28, 2023, American Axle & Manufacturing Holdings, Inc. (“ Holdings ”) and American Axle & Manufacturing, Inc., a wholly owned subsidiary of Holdings (“ AAM ”), entered into the First Amendment (the “ First Amendment ”) among AAM, as borrower, Holdings, each financial institution party thereto as a lender 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1062231/000094787123000709/0000947871-23-000709-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.