Treatment of solutions of ammonia–borane (NH3·BH3, AB) with catalytic amounts (5 mol‐%) of the singly bonded dimers [M2Cp2(CO)6] [M = Cr (1a), Mo (1b), W (1c); Cp = cyclopentadienyl] under mild thermal activation (333 K) led to the progressive dehydrogenation of the adduct and quantitative conversions were achieved after 12, 24, and >34 h, respectively. At the initial stages of these reactions (low conversions), the major products were cyclic and branched oligomers of aminoborane (NH2=BH2). However, at longer reaction times (high conversions), the major products were, in all cases, borazine, [HNBH]3, and polyborazylene, [NBHx] (x < 1), whereas other minor products were derived from B–N bond‐cleavage processes. Over the course of these reactions, complexes 1a–c were transformed into the corresponding mononuclear hydrides [MCpH(CO)3] [M = Cr (2a), Mo (2b), W (2c)], which are supposed to be the catalytically active species in these processes, as also supported by similar catalytic activity exhibited by pure samples of the dihydride [Mo2Cp2(H)2(μ‐Ph2PCH2PPh2)(CO)2] (2b′). Under similar conditions, 1a–c were also active catalysts for the dehydrogenation of adducts derived from substituted amines (tBuH2N·BH3 and Me2HN·BH3), although the rate of dehydrogenation was significantly lower than that of AB. This lower activity follows from deprotonation of hydrides 2 by the free amines, which are in turn generated through B–N bond‐cleavage processes. The dehydrogenation products of tBuH2N·BH3 are also derived from oligomerization processes of the corresponding aminoborane (tBuHN=BH2), which in this case was identified in the reaction mixtures, but even at long reaction times, the formation of the borazine‐like product was not complete, and the reaction mixture contained significant amounts of (poorly defined) soluble polymeric materials. For Me2HN·BH3, the major product obtained in all of the reactions was cyclic dimer [Me2N=BH2]2. Similar studies were performed with triply bonded complexes [Mo2Cp2(CO)4] (3b) and [Mo2Cp2(μ‐Ph2PCH2PPh2)(CO)2] (3b′), which displayed similar catalytic activity while remaining essentially unperturbed along the reactions, and these complexes yielded product distributions that were similar to those observed for singly bonded dimers 1a–c.