DETROIT, Nov. 7, 2017 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (NYSE: AXL) (the "Company") announced today that affiliates of American Securities LLC (the "Selling Stockholders"), intend to offer for sale in an underwritten secondary offering 15 million shares of the common stock of the Company, pursuant to a shelf registration statement on Form S-3 filed with the Securities and Exchange Commission (the "SEC"). The Selling Stockholders will receive all of the net proceeds from this offering. No shares are being sold by the Company or its directors or management.
Deutsche Bank Securities will act as the sole underwriter for the offering.
An automatic shelf registration statement (including a prospectus) relating to the offering of the Class A common stock was filed with the SEC on March 30, 2017 and became effective upon filing. Before you invest, you should read the prospectus included in that registration statement, the preliminary prospectus supplement and other documents the Company has filed with the SEC for more complete information about the Company and this offering. You may obtain these documents for free by visiting EDGAR on the SEC's website at www.sec.gov. Alternatively, copies of the prospectus and the preliminary prospectus supplement and final prospectus supplement relating to the offering, when available, may be obtained from: Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005, by telephone at 1-800-503-4611, or by email at firstname.lastname@example.org.
This offering will be made only by means of the preliminary prospectus supplement and the prospectus.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
AAM is a premier, global leader in design, engineering, validation and manufacturing of driveline, metal forming, powertrain, and casting technologies for automotive, commercial and industrial markets.
Headquartered in Detroit, AAM has over 25,000 associates operating at more than 90 facilities in 17 countries to support our customers on global and regional platforms with a focus on quality, operational excellence and technology leadership.
For more information:
Jason P. Parsons
Christopher M. Son
Director, Investor Relations
Executive Director, Marketing & Communications
View original content with multimedia:http://www.prnewswire.com/news-releases/american-axle--manufacturing-holdings-inc-announces-secondary-common-stock-offering-300551365.html
SOURCE American Axle & Manufacturing