Dauch Corp (DCH): debt financing — 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.

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Key facts

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 amended revolving credit of $1,495 million with JPMorgan Chase Bank, N.A. (as administrative agent) maturing five-year anniversary of the closing of the Business Combination.

Instrument: revolving credit
Principal: $1,495 million
Counterparty: JPMorgan Chase Bank, N.A. (as administrative agent)
Maturity: five-year anniversary of the closing of the Business Combination
Event: amendment

Exact text from the filing

The Second Amendment (i) increased the maximum revolving credit facility amount under the Credit Agreement to $1,495 million, effective upon closing of the Business Combination (as defined below), (ii) provides for an $843 million incremental term loan B facility to be provided to AAM as borrower in connection with the Business Combination, (iii) extended the maturity of the revolving credit facility and the tranche A term loan facility to the five-year anniversary of the Second Amendment effective date, with a renewed maturity extension upon the closing of the Business Combination to the five-year anniversary of the closing of the Business Combination, and (iv) effected certain other changes thereto.

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Dauch Corp incurred term loan of $843 million.

Instrument: term loan
Principal: $843 million
Event: incurrence

Exact text from the filing

provides for an $843 million incremental term loan B facility to be provided to AAM as borrower in connection with the Business Combination

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Dauch Corp incurred loan of $843.0 million with JPMorgan Chase Bank, N.A. (as administrative agent).

Instrument: loan
Principal: $843.0 million
Counterparty: JPMorgan Chase Bank, N.A. (as administrative agent)
Event: incurrence

Exact text from the filing

pursuant to which the First Lien Bridge Lenders have agreed to provide AAM with a $843.0 million interim loan facility in connection with the Business Combination

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Dauch Corp incurred loan of $500.0 million with JPMorgan Chase Bank, N.A. (as administrative agent).

Instrument: loan
Principal: $500.0 million
Counterparty: JPMorgan Chase Bank, N.A. (as administrative agent)
Event: incurrence

Exact text from the filing

pursuant to which the Second Lien Bridge Lenders have agreed to provide AAM with a $500.0 million interim loan facility in connection with the Business Combination

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Source: SEC EDGAR

accession 0001104659-25-016568

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