Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Dauch Corp incurred term loan of $648 million with JPMorgan Chase Bank, N.A., as administrative agent; New Tranche B Term Lenders at Adjusted Term SOFR Rate plus 3.00% per annum; alternate base rate plus 2.00% per maturing December 13, 2029.
- Instrument
- term loan
- Principal
- $648 million
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent; New Tranche B Term Lenders
- Rate
- Adjusted Term SOFR Rate plus 3.00% per annum; alternate base rate plus 2.00% per
- Maturity
- December 13, 2029
- Event
- incurrence
Exact text from the filing
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 $648 million term loan B facility (the “ New Term Loan B Facility ”), the proceeds from which, together with cash on hand of AAM, were used to (a) prepay the entire principal amount of the
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Dauch Corp amended Refinancing Facility Agreement with JPMorgan Chase Bank, N.A., as administrative agent valued at $648 million (effective 2024-05-16).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent
- Value
- $648 million
- Effective
- 2024-05-16
Exact text from the filing
On May 16, 2024, American Axle & Manufacturing Holdings, Inc. (“ Holdings ”), American Axle & Manufacturing, Inc., a wholly owned subsidiary of Holdings (“ AAM ”) entered into the Refinancing Facility Agreement No. 2 (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 (as amended, amended and restated, supplemented or otherwise modified from time to time, 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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