American Axle & Manufacturing, Inc.

Pricing Term Sheet

Filed Pursuant to Rule 433

Registration No. 333-175508-01

Registration No. 333-175508

Dated: November 5, 2013

American Axle & Manufacturing, Inc.

Pricing Term Sheet




Issuer:   American Axle & Manufacturing, Inc.
Guaranteed by:   American Axle & Manufacturing Holdings, Inc. and certain subsidiaries
Face:   $200,000,000
Net Proceeds to Issuer Before Expenses:   $197,250,000
Maturity:   February 15, 2019
Coupon:   5.125%
Price:   100.000% of face amount
Yield to Maturity:   5.120%
Spread to Treasury:   +365 basis points
Benchmark:   UST 2.750% due February 15, 2019
Interest Payment Dates:   February 15 and August 15, commencing August 15, 2014
Equity Clawback:   Prior to November 15, 2015, up to 35% at 105.125%
Redemption Provisions:  

Optional Redemption:

  Make-whole call @ T+50 basis points prior to November 15, 2015, plus accrued and unpaid interest to the redemption date, then:
  On or after:   Price:
  November 15, 2015   102.563%
  November 15, 2016   101.281%
  November 15, 2017 and thereafter   100.000%

Change of Control:

  Put @ 101% of principal plus accrued and unpaid interest
Trade Date:   November 5, 2013
Settlement:   (T+4); November 12, 2013


  02406P AN0  



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