DETROIT, May 17 /PRNewswire-FirstCall/ -- American Axle & Manufacturing
Holdings, Inc., which is traded as AXL on the NYSE, announced that in
accordance with Section 11.01 of the indenture dated as of February 11,
2004 (the "Indenture") among American Axle & Manufacturing Holdings, Inc.,
a Delaware corporation (the "Company"), American Axle & Manufacturing, Inc.
a Delaware corporation, as guarantor, and BNY Midwest Trust Company, as
trustee, the Company has determined that holders of the Securities are
entitled to convert their Securities in accordance with the terms of the
Indenture and paragraph 9 of the Securities providing for conversion upon a
credit ratings downgrade.
AAM is a world leader in the manufacture, engineering, design and
validation of driveline systems and related components and modules, chassis
systems and metal-formed products for light trucks, sport utility vehicles
and passenger cars. In addition to its locations in the United States (in
Michigan, New York and Ohio), AAM also has offices or facilities in Brazil,
China, England, Germany, India, Japan, Mexico, Scotland and South Korea.
Certain statements contained in this press release which are not
historical facts contain forward-looking information with respect to the
Company's plans, projections or future performance, the occurrence of which
involves risk and uncertainties that could cause the Company's actual
results or plans to differ materially from those expected by the Company
which include risk factors described in the Company's filings with the
Securities and Exchange Commission.
For more information:
Carrie L.P. Gray Christopher M. Son
Director, Corporate Relations Director, Investor Relations
(313) 758-4880 (313) 758-4814
grayc@aam.com chris.son@aam.com
Or visit the AAM website at http://www.aam.com
SOURCE American Axle & Manufacturing Holdings, Inc.
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Related links:
http://www.aam.com
http://www.prnewswire.com/comp/033813.html /
CONTACT:
Carrie L.P. Gray, Director, Corporate
Relations, +1-313-758-4880, grayc@aam.com, Christopher M. Son,
Director, Investor Relations, +1-313-758-4814, chris.son@aam.com,
both of American Axle & Manufacturing Holdings, Inc.
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