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September 05, 2015 1:00 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.

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