American Axle’s $1.65 Billion of Term Loan Facilities and $900 Million Revolving Credit Facility

Cravath represented JPMorgan Chase Bank, N.A. in connection with the arrangement of a $100 million term loan A facility, a $1.55 billion term loan B facility and a $900 million multi‑currency revolving credit facility, made available to American Axle & Manufacturing, Inc. to finance its acquisition of Metaldyne Performance Group Inc., repay existing indebtedness and for general corporate purposes. The transaction closed on April 6, 2017.

The Cravath team included partner George E. Zobitz, senior attorney Sarah F. Rosen and associates Steven Y. Li and Bethany A. Pfalzgraf on banking matters; associates Ashley N. Elnicki, Dmitry Zelik and Cecily Xi on tax matters; associate Sally Ye on executive compensation and benefits matters; and partner Matthew Morreale and senior attorney Annmarie M. Terraciano on environmental matters. Eric J. Zepp also worked on banking matters.