Auto supplier AAM amends credit facilities, secures new GM deal
Sep 17, 2009 | 11:38 AM
| Scott Robertson
American Axle & Manufacturing Holdings Inc. (AAM) has reached amended term loan and revolving credit facilities with its lenders, along with a new commercial agreement with its largest customer, General Motors Co.
The Detroit-based auto supplier expects to record a third-quarter profit on sales of about $400 million, according to regulatory filings with the U.S. Securities and Exchange Commission.....
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