DETROIT, June 1 /PRNewswire-FirstCall/ -- American Axle & Manufacturing Holdings, Inc., which is traded as AXL on the NYSE, and its wholly-owned subsidiary, American Axle & Manufacturing, Inc. (AAM) announced today that they have selected JPMorgan Securities Inc. and Banc of America Securities LLC to arrange a $250 million unsecured term loan facility. The facility is being arranged on an uncommitted basis giving AAM the ability to enter into the transaction at its discretion. AAM intends to use the proceeds for general corporate purposes, including the prepayment of its existing $250 million term loan. The new term loan would mature in 2012. The transaction is subject to customary terms and conditions and the execution of definitive documentation. AAM is a world leader in the manufacture, engineering, design and validation of driveline and drivetrain systems and related components and modules, chassis systems and metal-formed products for light trucks, sport utility vehicles and passenger cars. In addition to locations in the United States (in Michigan, New York and Ohio), AAM also has offices or facilities in Brazil, China, Germany, India, Japan, Luxembourg, Mexico, Poland, South Korea and the United Kingdom. Certain statements contained in this press release which are not historical facts contain forward-looking information with respect to the Company's plans, projections or future performance, the occurrence of which involves risk and uncertainties that could cause the Company's actual results or plans to differ materially from those expected by the Company which include risk factors described in our most recent annual report on Form 10-K and quarterly reports on Form 10-Q filed with the Securities and Exchange Commission. For more information ... Renee B. Rogers Christopher M. Son Manager, Corporate Communications and Director, Investor Relations Media Relations (313) 758-4814 (313) 758-4882 Or visit the AAM website at http://www.aam.com/ DATASOURCE: American Axle & Manufacturing Holdings, Inc. CONTACT: Renee B. Rogers, Manager, Corporate Communications and Media Relations, +1-313-758-4882, or Christopher M. Son, Director, Investor Relations, +1-313-758-4814, Web site: http://www.aam.com/ Company News On-Call: http://www.prnewswire.com/comp/033813.html

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