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EX-5.1 - OPINION OF SHEARMAN & STERLING LLP - AMERICAN AXLE & MANUFACTURING HOLDINGS INCss85697_ex0501.htm
EX-4.1 - FORM OF 6.250% SENIOR NOTE DUE 2026 - AMERICAN AXLE & MANUFACTURING HOLDINGS INCss85697_ex0401.htm
8-K - CURRENT REPORT - AMERICAN AXLE & MANUFACTURING HOLDINGS INCss85697_8k.htm
 
Exhibit 5.2
American Axle & Manufacturing Holdings, Inc.
American Axle & Manufacturing, Inc.

March 26, 2018
American Axle & Manufacturing Holdings, Inc.
American Axle & Manufacturing, Inc.
One Dauch Drive
Detroit, Michigan 48211

American Axle & Manufacturing Holdings, Inc.
American Axle & Manufacturing, Inc.
$400,000,000 6.250% Senior Notes Due 2026


Ladies and Gentlemen:
I am the General Counsel and Secretary, of American Axle & Manufacturing, Inc., a Delaware corporation (“AAM Inc.”) and American Axle & Manufacturing Holdings, Inc., a Delaware corporation (“Holdings”). This opinion is being furnished in connection with the issuance and sale by AAM Inc. of $400,000,000 aggregate principal amount of AAM Inc.’s 6.250% Senior Notes due 2026 (the “Notes”), pursuant to the terms and conditions set forth in the Underwriting Agreement dated March 12, 2018 (the “Underwriting Agreement”) among AAM Inc., Holdings, the Delaware Guarantors and the Non-Delaware Guarantors (each as defined in Schedule A hereto) (the Delaware Guarantors and the Non-Delaware Guarantors, collectively, the “Subsidiary Guarantors”, and, together with Holdings, the “Guarantors”) and the underwriters named therein. The Notes are to be issued pursuant to an indenture dated as of November 3, 2011 (the “Original Indenture”), among AAM Inc., Holdings, certain Subsidiary Guarantors and U.S. Bank National Association, as trustee (the “Trustee”), as supplemented by the First Supplemental Indenture dated March 23, 2017, among AAM Inc., Holdings, Alpha SPV I, Inc., certain Subsidiary Guarantors and the Trustee (the “First Supplemental Indenture”) and the Second Supplemental Indenture, dated May 17, 2017, among AAM Inc., Holdings, the Subsidiary Guarantors and the Trustee (the “Second Supplemental Indenture”, and, together with the Original Indenture and the First Supplemental Indenture, the “Indenture”).  The Notes will be guaranteed by the Guarantors pursuant to the guarantees (collectively, the “Guarantees” and together with the Notes, the “Securities”) as provided for in the Indenture.
As General Counsel & Secretary of Holdings, the parent company of each Subsidiary Guarantor, and AAM Inc., and Secretary of each Subsidiary Guarantor, I am familiar with the incorporation documents and bylaws of each Subsidiary Guarantor and with the affairs of each Subsidiary Guarantor. In rendering the opinions set forth below, I have examined or caused to be examined the Indenture, the form of the global certificates representing the Notes and the Guarantees and the originals, or copies certified to my satisfaction, of such corporate records of AAM Inc. and the Guarantors, certificates of public officials and officers of AAM Inc. and the Guarantors, and such other agreements, instruments and documents as I have deemed necessary as a basis for the opinions hereinafter expressed.  As to questions of fact material to the opinions rendered herein, I have, when relevant facts were not independently established by me, relied upon certificates or other evidence satisfactory to me of AAM Inc. or the Guarantors or their respective officers or public officials.  In all such examinations, I have assumed the genuineness of all signatures on original and certified documents, the authenticity of all documents submitted to me as original documents and the conformity to original or certified documents of all documents submitted to me as copies.  I have also examined or caused to be examined the Underwriting Agreement, and I have assumed the due execution and delivery, pursuant to due authorization, by each of the Underwriters of the Underwriting Agreement.  I also have assumed that the Indenture has been duly authorized, executed and delivered by the Trustee.
 

 
Based on the foregoing, and subject to the assumptions and qualifications set forth above, it is my opinion that the Guarantees have been duly authorized, executed and delivered by the Non-Delaware Subsidiary Guarantors, except to the extent that the foregoing may be limited by (A) bankruptcy, insolvency, reorganization, moratorium and other laws now or hereafter in effect relating to creditors’ rights generally and (B) general principles of equity (regardless of whether enforcement is considered in a proceeding at law or in equity). This opinion letter speaks only as of the date hereof.
I hereby consent to the filing of this opinion as an exhibit to the Registration Statement, and I hereby consent to the reference made to me under the heading “Legal Matters” set forth in the prospectus supplement deemed part of the Registration Statement pursuant to Rule 430B under the Securities Act of 1933, as amended (the “Securities Act”). In giving such consent, I do not thereby admit that I am in the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Commission promulgated thereunder.


Very truly yours,
 
   
   
/s/ David E. Barnes
 
David E. Barnes
 
General Counsel and Secretary
 


 
 
 
 
 

 


SCHEDULE A

Delaware Guarantors
§
AAM International Holdings, Inc.
§
Auburn Hills Manufacturing, Inc.
§
Oxford Forge, Inc.
§
Colfor Manufacturing, Inc.
§
Accugear, Inc.
§
Metaldyne Performance Group, Inc.
§
MPG Holdco I Inc.
§
Metaldyne BSM, LLC
§
Metaldyne M&A Bluffton, LLC
§
Metaldyne Powertrain Components, Inc.
§
Metaldyne Sintered Ridgway, LLC
§
Metaldyne SinterForged Products, LLC
§
Punchcraft Machining and Tooling, LLC
§
HHI FormTech, LLC
§
Jernberg Industries, LLC
§
Impact Forge Group, LLC
§
ASP HHI Holdings, Inc.
§
ASP HHI Intermediate Holdings, Inc.
§
ASP HHI Intermediate Holdings II, Inc.
§
ASP HHI Acquisition Co., Inc.
§
Forging Holdings, LLC
§
Hephaestus Holdings, LLC
§
HHI FormTech Holdings, LLC
§
HHI Forging, LLC
§
Gearing Holdings, LLC
§
Cloyes Gear Holdings, LLC
 

 
§
Jernberg Holdings, LLC
§
Impact Forge Holdings, LLC
§
ASP MD Holdings, Inc.
§
ASP MD Intermediate Holdings, Inc.
§
ASP MD Intermediate Holdings II, Inc.
§
MD Investors Corporation
§
Metaldyne, LLC
§
Gear Design and Manufacturing, LLC
§
Grede LLC
§
Grede Holdings LLC
§
ASP Grede Intermediate Holdings LLC
§
GSC RIII—Grede LLC
§
Shop IV Subsidiary Investment (Grede) LLC
§
HHI Holdings, LLC
§
Grede II LLC
§
ASP Grede AcquisitionCo LLC

Non-Delaware Guarantors
§
MSP Industries Corporation
§
Rochester Manufacturing, LLC
§
Grede Wisconsin Subsidiaries LLC
§
Cloyes Gear and Products, Inc.
§
The Mesh Company, LLC