Bond AmerAxle Manufacturing Inc. 5.25% ( US02406PAE07 ) in USD

Issuer AmerAxle Manufacturing Inc.
Market price 100 %  ⇌ 
Country  United States
ISIN code  US02406PAE07 ( in USD )
Interest rate 5.25% per year ( payment 2 times a year)
Maturity 10/02/2014 - Bond has expired



Prospectus brochure of the bond American Axle & Manufacturing Inc US02406PAE07 in USD 5.25%, expired


Minimal amount /
Total amount /
Detailed description American Axle & Manufacturing Holdings, Inc. is a leading automotive supplier specializing in the design, engineering, and manufacturing of driveline and drivetrain systems, including axles, shafts, and related components, for light trucks, SUVs, and passenger cars.

The Bond issued by AmerAxle Manufacturing Inc. ( United States ) , in USD, with the ISIN code US02406PAE07, pays a coupon of 5.25% per year.
The coupons are paid 2 times per year and the Bond maturity is 10/02/2014







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424B3 1 k83875b3e424b3.htm PROSPECTUS PURSUANT TO RULE 424(B)(3)
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Table of Contents
Filed Pursuant to Rule 424(b)(3)
File No. 333-113798-01
File No. 333-113798
PROSPECTUS

American Axle & Manufacturing, Inc.
Offer to exchange all outstanding 5.25% Senior Notes due 2014 issued on February 11, 2004 guaranteed
by American Axle & Manufacturing Holdings, Inc. which have not been registered under the Securities Act
for up to $250,000,000 aggregate principal amount of Registered 5.25% Senior Notes due 2014 guaranteed by
American Axle & Manufacturing Holdings, Inc. (registered under the Securities Act)
The Old Notes:
$250,000,000 aggregate principal amount of 5.25% Senior Notes due February 11, 2014, referred to in this
prospectus as the old notes, were originally issued and sold by American Axle & Manufacturing, Inc. on
February 11, 2004 in a transaction that was exempt from registration under the Securities Act and resold to
qualified institutional buyers in compliance with Rule 144A thereunder.
The New Notes:
The terms of the new notes, referred to in this prospectus as the notes, are substantially identical to the
terms of the old notes, except that the notes will be registered under the Securities Act, will not contain
restrictions on transfer or provisions relating to special interest under circumstances related to the timing of the
exchange offer, will bear a different CUSIP number from the old notes and will not entitle their holders to
registration rights.
The notes will be our unsecured senior obligations. American Axle & Manufacturing Holdings, Inc., or
Holdings, our parent corporation, is guaranteeing our monetary obligations under the notes on an unsecured and
unsubordinated basis. The notes, as guaranteed, will rank equally with all of the unsecured and unsubordinated
indebtedness of American Axle & Manufacturing, Inc., or AAM, Inc., and Holdings, effectively junior to all of
the secured indebtedness of AAM, Inc. and Holdings, to the extent of the assets securing that indebtedness, and
effectively junior to all indebtedness and other liabilities of our subsidiaries.
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Exchange Offer:
· Our offer to exchange old notes for notes will be open until 5:00 p.m., New York City time, on May 6,
2004, unless we extend the offer.

· All old notes that are validly tendered and not validly withdrawn will be exchanged.

· Tenders of outstanding old notes may be withdrawn any time prior to 5:00 p.m., New York City time,
on the expiration date of the exchange offer.

· Notes will be issued in exchange for an equal principal amount of outstanding old notes accepted in the
exchange offer. The exchange offer is not conditioned upon any minimum principal amount of old notes
being tendered for exchange. However, the obligation to accept old notes for exchange pursuant to the
exchange offer is subject to certain customary conditions set forth herein. See "The Exchange Offer --
Conditions."

· We will not receive any proceeds from the exchange offer.

· No public market currently exists for the notes and we do not intend to apply for their listing on any
securities exchange or to arrange for them to be quoted on any quotation system.

· Each broker-dealer that receives notes for its own account pursuant to the exchange offer must
acknowledge that it will deliver a prospectus in connection with any resale of such notes. This
prospectus, as it may be amended or supplemented from time to time, may be used by a broker-dealer in
connection with resales of notes received in exchange for old notes where the old notes were acquired as
a result of market-making activities or other trading activities. We have agreed that, for a period of
90 days following the consummation of the exchange offer, we will use our reasonable best efforts to
make this prospectus, as amended or supplemented, available to any broker-dealer for use in connection
with any such resale. See "Plan of Distribution."
See "Risk Factors" beginning on page 12 for a discussion of certain risks that you should consider in
connection with tendering your old notes in the exchange offer.
Neither the Securities and Exchange Commission nor any state securities commission has approved
or disapproved of the notes or passed upon the adequacy of this prospectus. Any representation to the
contrary is a criminal offense.
The date of this prospectus is April 5, 2004.
TABLE OF CONTENTS
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Page
WHERE YOU CAN FIND MORE INFORMATION
ii
INCORPORATION BY REFERENCE
ii
SUMMARY
1
RISK FACTORS
12
FORWARD-LOOKING STATEMENTS
16
USE OF PROCEEDS
17
RATIO OF EARNINGS TO FIXED CHARGES
17
CAPITALIZATION
18
THE EXCHANGE OFFER
19
DESCRIPTION OF THE NOTES
27
DESCRIPTION OF CERTAIN OTHER


INDEBTEDNESS
36
CERTAIN U.S. FEDERAL INCOME TAX


CONSIDERATIONS
37
PLAN OF DISTRIBUTION
37
LEGAL MATTERS
37
EXPERTS
38
This exchange offer is not being made to, nor will we accept surrenders of old notes from, holders of old
notes in any jurisdiction in which this exchange offer or the acceptance of old notes would not be in compliance
with the securities or blue sky laws of such jurisdiction.
Each holder of old notes wishing to accept this exchange offer must deliver the old notes to be exchanged,
together with the Letter of Transmittal that accompanies this prospectus and any other required documentation, to
the exchange agent identified in this prospectus. Alternatively, you may effect a tender of old notes by book-
entry transfer into the exchange agent's account at The Depository Trust Company. All deliveries are at the risk
of the holder. You can find detailed instructions concerning delivery in the section called "The Exchange Offer"
in this prospectus and in the accompanying Letter of Transmittal.
You should rely only on the information contained or incorporated by reference in this prospectus. We
have not authorized any other person to provide you with different information. If anyone provides you
with different or inconsistent information, you should not rely on it. We are not making an offer to sell
these securities in any jurisdiction where the offer or sale is not permitted. You should assume that the
information appearing in this prospectus or any document incorporated by reference is accurate only as of
the date on the front cover of the applicable document. Our business, financial condition, results of
operations and prospects may have changed since that date.
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This prospectus incorporates by reference documents that contain important business and financial
information about us that is not included or delivered with this prospectus. These documents are available
without charge to holders of the notes upon written or oral request to us at the address and phone number
specified under "Incorporated By Reference." To obtain timely delivery, holders of the notes must request these
documents no later than five business days before the expiration date. Unless extended, the expiration date is
May 6, 2004.
Unless the context otherwise requires, references in this prospectus to the "company," "we," "our," and "us"
shall mean collectively (i) American Axle & Manufacturing, Inc., or AAM, Inc. or the issuer, a Delaware
corporation, and its direct and indirect subsidiaries and (ii) American Axle & Manufacturing Holdings, Inc., or
Holdings, a Delaware corporation and the direct parent corporation of the issuer. Holdings
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Table of Contents
has no material operations or assets other than its ownership of 100% of the issued and outstanding common
stock of AAM, Inc., the issuer of the notes.
WHERE YOU CAN FIND MORE INFORMATION
We are required to comply with the reporting requirements of the Securities Exchange Act of 1934 (the
"Exchange Act"), and, in accordance with those requirements, we file combined reports, proxy statements and
other information with the SEC.
You can call the SEC's toll-free number at 1-800-SEC-0330 for further information. The SEC maintains a
website at www.sec.gov that contains reports, proxy and information statements and other information regarding
companies like ours that file with the SEC electronically. The documents can be found by searching the EDGAR
archives at the SEC's website or can be inspected and copied at the Public Reference Section of the SEC located
at Room 1024, Judiciary Plaza, 450 Fifth Street, N.W., Washington, D.C. 20549. Our SEC filings and other
information about us may also be obtained from our website at www.aam.com, although information on our
website does not constitute a part of this prospectus. Material that we have filed may also be inspected at the
library of the New York Stock Exchange, 20 Broad Street, New York, New York 10005.
We have elected to "incorporate by reference" certain information into this prospectus, which means we can
disclose important information to you by referring you to another document filed with the SEC. The information
incorporated by reference is deemed to be part of this prospectus. See "Incorporation by Reference." You should
only rely on the information contained in this prospectus and incorporated by reference in it. We have not
authorized anyone to provide you with any additional information.
INCORPORATION BY REFERENCE
We are incorporating by reference into this prospectus the following documents filed with the SEC
(excluding any portions of such documents that have been "furnished" but not "filed" for purposes of the
Exchange Act):

· Holdings' annual report on Form 10-K for the fiscal year ended December 31, 2003 filed with the SEC on
March 15, 2004, including the information specifically incorporated by reference in our Form 10-K from our
Proxy Statement for our 2004 Annual Meeting of Stockholders, also filed with the SEC on March 15, 2004;


· Holdings' current reports on Form 8-K filed with the SEC on January 23, 2004, February 4, 2004,
February 6, 2004, March 1, 2004 and March 8, 2004; and


· All other documents filed by us pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act after the
date of this prospectus and prior to the termination of the offering.
Any statement contained in this prospectus or a document incorporated or deemed to be incorporated by
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reference in this prospectus will be deemed to be modified or superseded for purposes of this prospectus to the
extent that a statement contained in this prospectus or in any other subsequently filed document that is deemed to
be incorporated by reference in this prospectus modifies or supersedes the statement. Any statement so modified
or superseded will not be deemed, except as so modified or superseded, to constitute a part of this prospectus.
The documents incorporated by reference in this prospectus are available from us upon request. We will
provide a copy of any and all of the information that is incorporated by reference in this prospectus to any
ii
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person, without charge, upon written or oral request. Requests for such copies should be directed to the
following:
American Axle & Manufacturing Holdings, Inc.
Attention: Investor Relations
One Dauch Drive
Detroit, Michigan 48211-1198
Telephone Number: (313) 758-4823
Except as provided above, no other information, including, but not limited to, information on our websites, is
incorporated by reference in this prospectus.
iii
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SUMMARY
The following summary is qualified in its entirety by, and should be read in conjunction with, the more
detailed information and financial statements (including the notes thereto) appearing elsewhere or
incorporated by reference in this prospectus. Statements concerning the automotive industry contained or
incorporated by reference in this prospectus are based on information compiled by us or derived from
public sources that we believe to be reliable, including J.D. Power & Associates and Autofacts Automotive
Outlook. Because this is a summary, it may not contain all the information that may be important to you.
You should read the entire prospectus, as well as the information incorporated by reference, before making
an investment decision. Some of the statements in this "Summary" are forward-looking statements. Please
see "Forward-Looking Statements" for more information regarding these statements.
The Exchange Offer
We completed on February 11, 2004 the private offering of $250.0 million of 5.25% senior notes due
2014. We entered into a registration rights agreement with the initial purchasers in the private offering in
which we agreed, among other things, to deliver to you this prospectus and to use our best efforts to
complete the exchange offer within 210 days of the issuance of the 5.25% senior notes due 2014. You are
entitled to exchange in the exchange offer your outstanding old notes for registered notes with substantially
identical terms. If the exchange offer is not completed within 210 days of the issuance of the 5.25% senior
notes due 2014, then the interest rate on the old notes will increase by an additional one quarter of 1% per
annum for each subsequent 90-day period during which the registration default continues, with the
aggregate amount of such increase from the original interest rate pursuant to these provisions to in no event
exceed 0.50% per annum. You should read the discussion under the heading "Description of the Notes" for
further information regarding the registered notes.
American Axle & Manufacturing
We are a premier Tier I supplier to the automotive industry and a worldwide leader in the manufacture,
engineering, design and validation of driveline systems and related powertrain components and modules for
light trucks, sport-utility vehicles, or SUVs, and passenger cars. Driveline systems include components that
transfer power from the transmission and deliver it to the drive wheels. Our driveline and related powertrain
products include axles, modules, driveshafts, chassis and steering components, driving heads, crankshafts,
transmission parts and forged products. In addition to our 14 locations in the U.S. (in Michigan, New York
and Ohio), we have offices and facilities in Brazil, England, Germany, Japan, Mexico and Scotland.
We are the principal supplier of driveline components to General Motors Corporation, or GM, for its
rear-wheel drive, or RWD, light trucks and SUVs manufactured in North America, supplying substantially
all of GM's rear axle and front four-wheel drive/ all-wheel drive, or 4WD/AWD, axle requirements for these
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vehicle platforms in the third quarter of 2003. As a result of our Component Supply Agreement, or CSA,
and Lifetime Program Contracts, or LPCs, with GM, we are the sole-source supplier to GM for certain axles
and other driveline products for the life of each GM vehicle program covered by a LPC.
We sell most of our products under long-term contracts with prices established at the time the contracts
were executed. Some of our contracts require us to reduce our prices in subsequent years and most of our
contracts allow us to negotiate price increases for engineering changes. Price reductions under long-term
contracts are a common practice in the automotive industry. We do not believe that price reductions offered
to our customers will have a material adverse impact on our future operating results because we intend to
offset such price reductions through purchased material cost reductions and other productivity
improvements.
Substantially all of our sales to GM are made pursuant to the LPCs. The LPCs have terms equal to the
lives of the relevant vehicle programs or their respective derivatives, which typically run 6 to 12 years, and
require us to remain competitive with respect to technology, design and quality. We will compete for future
GM business upon the termination of the LPCs or the CSA. In the second quarter of 2003, we executed an
LPC for the GMT-900 program, which is the successor to the GMT-800 program, GM's full-size pickup
and SUV platform. The GMT-900 program is expected to run through 2012.
1
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