American Axle & Manufacturing Inc, founded in 1994 and headquartered in Detroit, Michigan, specializes in manufacturing driveline and chassis components for the automotive industry. The company offers a wide range of products, including axles, driveshafts, and powertrain systems for both passenger and commercial vehicles.
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Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, American Axle has actively engaged in the bond market to support its growth and operational needs. The company first issued bonds in the early 2000s, with significant offerings such as the $400 million senior unsecured notes in 2017, aimed at refinancing existing debt. Currently, yields on their bonds are competitive within the automotive sector, reflecting investor confidence despite market fluctuations. Notably, American Axle's bonds are often characterized by their favorable covenants, providing additional security for bondholders amidst ongoing industry challenges.