<SEC-DOCUMENT>0000950123-11-093528.txt : 20111031
<SEC-HEADER>0000950123-11-093528.hdr.sgml : 20111031
<ACCEPTANCE-DATETIME>20111031165833
ACCESSION NUMBER:		0000950123-11-093528
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20111031
DATE AS OF CHANGE:		20111031

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICAN AXLE & MANUFACTURING INC
		CENTRAL INDEX KEY:			0001084331
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTOR VEHICLE PARTS & ACCESSORIES [3714]
		IRS NUMBER:				383138388
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-175508-01
		FILM NUMBER:		111168781

	BUSINESS ADDRESS:	
		STREET 1:		1840 HOLBROOK AVE
		CITY:			DETROIT
		STATE:			MI
		ZIP:			48212
		BUSINESS PHONE:		3139742000

	MAIL ADDRESS:	
		STREET 1:		1840 HOLBROOK AVE
		CITY:			DETROIT
		STATE:			MI
		ZIP:			48212

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICAN AXLE & MANUFACTURING HOLDINGS INC
		CENTRAL INDEX KEY:			0001062231
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTOR VEHICLE PARTS & ACCESSORIES [3714]
		IRS NUMBER:				383161171
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		ONE DAUCH DRIVE
		CITY:			DETROIT
		STATE:			MI
		ZIP:			48211-1198
		BUSINESS PHONE:		3137583600

	MAIL ADDRESS:	
		STREET 1:		ONE DAUCH DRIVE
		CITY:			DETROIT
		STATE:			MI
		ZIP:			48211-1198
</SEC-HEADER>
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<TYPE>FWP
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Filed Pursuant to Rule&nbsp;433<BR>
Registration No. 333-175508-01<BR>
Registration No.&nbsp;333-175508<BR>
Dated: October&nbsp;31, 2011</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">
American Axle &#038; Manufacturing, Inc.<BR>
&nbsp;<BR>
<U>Pricing Term Sheet</U></DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="29%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">Issuer:
</DIV></TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">American Axle &#038; Manufacturing, Inc.
</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">Guaranteed by:
</DIV></TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">American Axle &#038; Manufacturing Holdings, Inc.
and certain subsidiaries
</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">Size:
</DIV></TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">$200,000,000</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">Maturity:
</DIV></TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">November&nbsp;15, 2019
</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">Coupon:
</DIV></TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">7.750%</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">Price:
</DIV></TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">100.000% of face amount
</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">Yield to Maturity:
</DIV></TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">7.750%</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">Net Proceeds to Issuer
Before Expenses:
</DIV></TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">$196,000,000</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">Spread to Treasury:
</DIV></TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">&#043;594 basis points
</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">Benchmark:
</DIV></TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">UST 3.375% due 11/15/2019
</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">Interest Payment Dates:
</DIV></TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">May&nbsp;15 and November&nbsp;15, commencing May&nbsp;15, 2012
</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">Redemption Provisions:</DIV></TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:15px; text-indent:-0px">Make-whole call:
</DIV></TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">At any time at a discount rate of Treasury plus 50&nbsp;basis points
</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:15px; text-indent:-0px">Change of control:
</DIV></TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">Put @ 101% of principal plus accrued interest
</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">Underwriting Discount
</DIV></TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">2.000%</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">Trade date:
</DIV></TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">October&nbsp;31, 2011
</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">Settlement:
</DIV></TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">T&#043;3; November&nbsp;3, 2011
</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">CUSIP:
</DIV></TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">02406P AK6
</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">ISIN:
</DIV></TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">US02406PAK66
</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">Ratings:</DIV></TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD nowrap colspan="3" align="left" valign="top">B1/B</TD>
</TR>
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">These securities ratings have been provided by Moody&#146;s and Standard and Poor&#146;s. Neither of these
ratings is a recommendation to buy, sell or hold these securities. Each rating may be subject to
revision or withdrawal at any time and should be evaluated independently of any other rating.</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The issuer has filed a registration statement (including a prospectus) with the SEC for the
offering to which this communication relates and a preliminary prospectus supplement relating to
this offering. Before you invest, you should read the prospectus in that registration statement,
the preliminary prospectus supplement and other documents the issuer has filed with the SEC for
more complete information about the issuer and this offering. You may get these documents for free
by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter
or any dealer participating in the offering will arrange to send you the prospectus if you request
it by calling (800)245-8812.</DIV>



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