Rochester, NY 8/13/2009 11:02:51 PM
American Axle & Manufacturing Holdings Inc., AXL - Increase in American Axle Bonds, Settles Company’s Interest Payment
American Axle & Manufacturing Holdings Inc.
American Axle & Manufacturing Holdings Inc.'s, debt mounted significantly on trading last Tuesday, which means of investors confidence that the company will met its bonds interest payment deadline.
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American Axle & Manufacturing Holdings Inc. has to settle almost $6.6 million payment due to the company’s 5.25% bonds, the company is also currently having a deep talks with its lenders over the status of its credit facility. Analysts have already voiced their doubts about the company’s being able to make this payment, but it seems that investors are still confident that the company will make it.
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