July 24, 2014 9:53 PM ET

Company Overview of Tower Automotive Holdings USA, LLC

Company Overview

Tower Automotive Holdings USA, LLC was incorporated in 2007 and is based in Livonia, Michigan. Tower Automotive Holdings USA, LLC operates as a subsidiary of Tower International, Inc.

17672 North Laurel Park Drive

Suite 400E

Livonia, MI 48152

United States

Founded in 2007

Phone:

248-675-6000

Key Executives for Tower Automotive Holdings USA, LLC

Tower Automotive Holdings USA, LLC does not have any Key Executives recorded.

Tower Automotive Holdings USA, LLC Key Developments

Tower Automotive Holdings USA, LLC Announces Amendment of Loan Agreement

On April 23, 2013, Tower International Inc. entered into a Term Loan and Guaranty Agreement, dated as of April 23, 2013 by and among Tower Automotive Holdings USA, LLC, Tower Automotive Holdings I, LLC, Tower Automotive Holdings II(a), LLC, Tower Automotive Holdings II(b), LLC and certain other domestic subsidiaries of the company as Guarantors, each of the financial institutions from time to time party thereto as Lenders, and Citibank, N.A., as administrative agent for the Lenders, pursuant to which, among other things, the Lenders disbursed term loans to Borrower in the aggregate amount of $420 million. As of January 31, 2014, term loans in the aggregate principal amount of approximately $417 million were outstanding under the Term Loan Credit Agreement. On January 31, 2014, the Term Loan Credit Agreement was further amended pursuant to a Second Refinancing Term Loan Amendment and Additional Term Loan Amendment, dated as of January 31, 2014, by and among the Company, the Borrower, Holdco, certain other domestic subsidiaries of the Company as Guarantors, each of the financial institutions party thereto as Refinancing Term Lenders and Additional Term Lenders, and Agent, pursuant to which, among other things, the Outstanding Term Loans were refinanced in full, and additional term loans in an aggregate principal amount of approximately $33 million were disbursed by the Additional Term Lenders to Borrower. After giving effect to the disbursement of the Additional Term Loans, there are term loans in the aggregate principal amount of $450 million outstanding under the Term Loan Credit Agreement. Additionally, the interest rate margins applicable to term loans disbursed under the Term Loan Credit Agreement, as amended by the Second Term Loan Amendment, were lowered by 75 basis points to 2.00% in the case of term loans bearing interest at the alternate base rate and to 3.00% in the case of term loans bearing interest at the Adjusted LIBO Rate.

Tower Automotive Holdings USA, LLC and TA Holdings Finance Inc. Announce the Extension of Early Tender Date and Expiration Date of Cash Tender Offer for Up to $275,992,000 of Outstanding 10.625% Senior Secured Notes Due 2017

Tower Automotive Holdings USA, LLC and TA Holdings Finance Inc. announced the extension of the early tender date and the extension of the expiration date for the cash tender offer to purchase up to $275,992,000 of their outstanding 10.625% Senior Secured Notes due 2017. The early tender date for the Tender Offer was on March 28, 2013, and has been extended to April 8, 2013. The Withdrawal Deadline on March 28, 2013, and has not been extended. Notes already tendered pursuant to the Tender Offer may not be withdrawn, and any other Notes tendered prior to the expiration date of the Tender Offer may not be withdrawn. As of the Withdrawal Deadline, holders of approximately $129,575,000 aggregate principal amount of Notes validly tendered their Notes. The company currently expects holders of at least approximately $150,000,000 aggregate principal amount of additional Notes to tender such Notes on or prior to the early tender date. Therefore, the company currently expects the total aggregate principal amount of tendered Notes to be at least approximately $280,000,000. The total consideration payable for each $1,000 principal amount of Notes validly tendered at or before the Early Tender Date and accepted for purchase is equal to $1,140.00. The expiration date for the tender offer was scheduled to expire on April 12, 2013, and has been extended to April 22, 2013, unless extended or earlier terminated by the company in its sole discretion. Holders who tender their Notes after the Early Tender Date and prior to the Expiration Date will, if such Notes are purchased by us, receive the 'Tender Offer Consideration, which is the total consideration minus an 'early tender payment' of $30.00 per $1,000 principal amount of Notes validly tendered and accepted for purchase. In addition to the total consideration or tender offer consideration, as applicable, holders of Notes accepted for purchase will receive accrued and unpaid interest from the last interest payment date for the Notes to, but not including, the settlement date. The company plans to accept for purchase the maximum aggregate principal amount of Notes validly tendered on a pro rata basis (with adjustments downward to avoid the purchase of Notes in a principal amount other than $2,000 or integral multiples of $1,000 in excess thereof) that can be purchased, such that the maximum aggregate principal amount of Notes purchased in the Tender Offer will not exceed $275,992,000. Following consummation of the Tender Offer, pursuant to the terms of the indenture governing the Notes, the company intends to redeem up to $86,000,000 aggregate principal amount of Notes, to the extent such amounts remain outstanding, at a redemption price of 105.0% of the principal amount thereof, plus accrued and unpaid interest. The company expects to give notice of redemption of up to $43,000,000 of such principal amount on or about the date of closing of a new financing contemplated by the financing condition and to give notice of redemption of the balance thereof on or about August 24, 2013.

Tower Automotive Holdings USA, LLC and TA Holdings Finance Inc. Commence Cash Tender Offer for Outstanding 10.65% Senior Secured Notes Due 2017

Tower Automotive Holdings USA, LLC and TA Holdings Finance Inc. have commenced a cash tender offer to purchase up to $275,992,000 of their outstanding 10.625% Senior Secured Notes due 2017. The tender offer is being made pursuant to an "Offer to Purchase" dated immediately, which sets forth a more comprehensive description of the terms of the tender offer. The tender offer is scheduled to expire at 12:01 A.M., New York City time, on April 12, unless extended or earlier terminated by the company in its sole discretion. Holders of notes must tender and not withdraw their notes at or before the early tender date, which is 5 p.m., New York City time, on March 28, unless extended or earlier terminated by the company in its sole discretion, in order to be eligible to receive the total consideration. The total consideration payable for each $1,000 principal amount of notes validly tendered at or before the early tender date and accepted for purchase is equal to $1,140.00. The company intends to redeem up to $86,000,000 aggregate principal amount of Notes, to the extent such amounts remain outstanding, at a redemption price of 105.0% of the principal amount thereof, plus accrued and unpaid interest.

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