debt
confidence high
sentiment positive
materiality 0.85
AAM completes $2.186B syndication of Term Loan B and bridge loans for Dowlais deal, amends credit facility
Dauch Corp
- Syndicated $843M Term Loan B, $843M 1st Lien Bridge, and $500M 2nd Lien Bridge for Dowlais combination.
- Amended Credit Agreement: extended RCF and Term Loan A maturity to 5 years; RCF increased to ~$1.5B (up $570M).
- Backstop Credit Agreement terminated effective February 24, 2025.
- Investor presentation targets $300M run-rate cost synergies and over $20B lifetime revenues through 2030.