---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-091700"
form_type: "8-K"
ticker: "DCH"
cik: "0001062231"
company_name: "Dauch Corp"
filed_at: "2025-09-19T23:59:59+00:00"
generated_at: "2026-05-17T06:04:31.487798+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# AAM prices $2.1B debt offering (6.375% secured, 7.75% unsecured) for Dowlais deal

## Summary
- Priced $850M 6.375% senior secured notes due 2032 and $1.25B 7.750% senior unsecured notes due 2033.
- Upsized secured from $843M and unsecured from $600M; total offering increased from ~$1.44B to $2.1B.
- Proceeds to finance pending Dowlais combination, repay Dowlais debt, redeem $500M of 6.50% notes due 2027 and $150M of 6.875% notes due 2028.
- Closing expected Oct 3, 2025; escrow provisions for secured notes and $600M of unsecured until Combination consummation.

## SEC filing metadata
- accession: 0001104659-25-091700
- form_type: 8-K
- ticker: DCH
- cik: 0001062231
- company_name: Dauch Corp
- filed_at: 2025-09-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1062231/000110465925091700/0001104659-25-091700-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1062231/000110465925091700/tm2525923d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-091700
- JSON: https://secwatch.observer/filing/0001104659-25-091700.json
- Plain text: https://secwatch.observer/filing/0001104659-25-091700.txt

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