2013 News Releases

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11/01/13Tower International Announces Sale of Common Stock by Tower International Holdings, LLC, an Affiliate of Cerberus Capital Management, L.P.
LIVONIA, Mich., Nov. 1, 2013 /PRNewswire/ -- Tower International, Inc. [NYSE: TOWR], a leading integrated global manufacturer of engineered structural metal components and assemblies, today announced the sale of 3,000,000 shares of its common stock by selling stockholder Tower International Holdings, LLC.  The shares sold represent an increase of 420,256 shares over the previously announced number of shares. Tower International Holdings, LLC is an affiliate of Cerberus Capital Management, L.P. a... 
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10/31/13Tower International Announces Offering of Common Stock by Tower International Holdings, LLC
LIVONIA, Mich., Oct. 31, 2013 /PRNewswire/ -- Tower International, Inc. [NYSE: TOWR], a leading integrated global manufacturer of engineered structural metal components and assemblies, today announced the commencement of a public offering of 2,579,744 shares of its common stock by Tower International Holdings, LLC.  Tower International Holdings, LLC is an affiliate of Cerberus Capital Management, L.P. and is the sole selling stockholder in the offering.  Upon completion of the offering, Tower In... 
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10/30/13Tower International Reports Solid Third Quarter, Increases 2013 Adjusted EPS Outlook, and Highlights 2014 EPS and Free Cash Flow Tail-winds
LIVONIA, Mich., Oct. 30, 2013 /PRNewswire/ -- Tower International, Inc. (NYSE: TOWR), a leading integrated global manufacturer of engineered structural metal components and assemblies, today announced third quarter 2013 results and updated its outlook. Revenue for the third quarter was $495 million, up 1 percent from $492 million in the third quarter 2012.                   Adjusted EBITDA for the quarter was $48.4 million, up 8 percent from $44.7 million a year ago. Unfavorable volume a... 
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10/17/13Tower International to Announce Third Quarter 2013 Financial Results
LIVONIA, Mich., Oct. 17, 2013 /PRNewswire/ -- Tower International, Inc. (NYSE: TOWR), a leading integrated global manufacturer of engineered structural metal components and assemblies, will report third quarter 2013 financial results before the market opens on Wednesday, October 30, 2013, via PR Newswire.  At 1:00 p.m. EDT on that date, a conference call is scheduled to discuss the results in further detail, as well as other related matters. To participate in the conference call: Domest... 
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08/12/13Tower International to participate in J.P. Morgan Auto Conference on Aug. 14
LIVONIA, Mich., Aug. 12, 2013 /PRNewswire/ -- Tower International, Inc. [NYSE: TOWR], a leading integrated global manufacturer of engineered structural metal components and assemblies, today announced that Derek Fiebig – Executive Director Investor & External Relations will participate in the J.P. Morgan Auto Conference in New York City, on Aug. 14, 2013.  The company's presentation will begin at 1:10 p.m. EDT and is expected to last approximately 30 minutes, including time for a question-an... 
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07/31/13Tower International Announces the Completion of its Secondary Public Offering
LIVONIA, Mich., July 31, 2013 /PRNewswire/ -- Tower International, Inc. [NYSE: TOWR], a leading integrated global manufacturer of engineered structural metal components and assemblies, today announced  the completion of a previously disclosed secondary public offering of its common stock by Tower International Holdings, LLC.  Tower International Holdings, LLC is an affiliate of Cerberus Capital Management, L.P. and was the sole selling stockholder in the offering. After giving effect to a partia... 
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07/31/13Tower International Announces Lower Interest Rate on $420 Million Term Loan
LIVONIA, Mich., July 31, 2013 /PRNewswire/ -- Tower International, Inc. (NYSE: TOWR), a leading integrated global manufacturer of engineered structural metal components and assemblies, today announced that it has repriced its $420 million term loan made pursuant to its Term Loan Credit Agreement entered into on April 23, 2013. The maturity date for the term loan remains April 23, 2020.  The term loan will bear interest at (i) an alternate base rate (which is the highest of the Prime Rate, th... 
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07/25/13Tower International, Inc. Announces Pricing of Secondary Public Offering of Common Stock
LIVONIA, Mich., July 25, 2013 /PRNewswire/ -- Tower International, Inc. (NYSE: TOWR), a leading integrated global manufacturer of engineered structural metal components and assemblies, announced today the pricing of a previously announced secondary public offering of 7,250,000 shares of its common stock, par value $0.01 share, by Tower International Holdings, LLC, at $21.25 per share.  Tower International Holdings, LLC is an affiliate of Cerberus Capital Management, L.P. and is the sole selling ... 
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07/22/13Tower International, Inc. Announces Secondary Public Offering of Common Stock
LIVONIA, Mich., July 22, 2013 /PRNewswire/ -- Tower International, Inc. (NYSE: TOWR), a leading integrated global manufacturer of engineered structural metal components and assemblies, today announced the commencement of a secondary public offering of 6,000,000 shares of its common stock, par value $0.01 share, by Tower International Holdings, LLC.  Tower International Holdings, LLC is an affiliate of Cerberus Capital Management, L.P. and is the sole selling stockholder in the offering.  The sel... 
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07/22/13Tower International Reports Strong Second Quarter Results and Increases Earnings Outlook for Full Year
LIVONIA, Mich., July 22, 2013 /PRNewswire/ -- Tower International, Inc. (NYSE: TOWR), a leading integrated global manufacturer of engineered structural metal components and assemblies, today announced second quarter 2013 results and updated its outlook for the full year. Revenue for the second quarter was $556 million, compared with $555 million in the second quarter 2012. Adjusted EBITDA for the quarter was $62.2 million, compared with $62.4 million a year ago.  Volume and mix was ne... 
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05/14/13Tower International to participate in East Coast IDEAS Conference on May 15
LIVONIA, Mich., May 14, 2013 /PRNewswire/ -- Tower International, Inc. [NYSE: TOWR], a leading integrated global manufacturer of engineered structural metal components and assemblies, today announced that Derek Fiebig – Executive Director of Investor & External Relations will participate in the East Coast IDEAS Conference at the Metro Meeting Center in Boston, Mass., on May 15, 2013.  The company's presentation is scheduled to begin at 2:45 p.m. EDT and is expected to last approximately 30 m... 
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05/02/13Tower International Reports Strong First Quarter Results And Increases Outlook For Full Year Earnings And Free Cash Flow
LIVONIA, Mich., May 2, 2013 /PRNewswire/ -- Tower International, Inc. (NYSE: TOWR), a leading integrated global manufacturer of engineered structural metal components and assemblies, today announced first quarter 2013 results and updated its outlook for the full year. Revenue for the first quarter was $534 million, up 1% from $530 million in the first quarter 2012.  Lower industry production in Europe was offset by higher Tower revenue in all other regions. Adjusted EBITDA for the quarter... 
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04/25/13Tower International to Announce First Quarter 2013 Financial Results
LIVONIA, Mich., April 25, 2013 /PRNewswire/ -- Tower International, Inc. (NYSE: TOWR), a leading integrated global manufacturer of engineered structural metal components and assemblies, will report first quarter 2013 financial results before the market opens on Thursday, May 2, 2013, via PR Newswire.  At 1:00 p.m. EDT on that date, a conference call is scheduled to discuss the results in further detail, as well as other related matters. To participate in the conference call: Domestic ca... 
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04/23/13Tower International Announces New Credit Facility and Completion of Cash Tender Offer for $275,992,000 of Outstanding 10.625% Senior Secured Notes due 2017
LIVONIA, Mich., April 23, 2013 /PRNewswire/ -- Tower International, Inc. (NYSE: TOWR), a leading integrated global manufacturer of engineered structural metal components and assemblies, today announced that it has entered into a new credit facility that provides for a term loan in an aggregate amount of $420,000,000.  The maturity date for the term loan is April 23, 2020.  The term loan will bear interest at (i) an alternate base rate (which is the highest of the Prime Rate, the Federal Funds Ef... 
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04/05/13Tower International Announces Extension of Early Tender Date and Extension of Expiration Date of Cash Tender Offer for up to $275,992,000 of Outstanding 10.625% Senior Secured Notes due 2017
LIVONIA, Mich., April 5, 2013 /PRNewswire/ -- Tower International, Inc. [NYSE: TOWR], a leading integrated global manufacturer of engineered structural metal components and assemblies, today announced the extension of the early tender date and the extension of the expiration date for the previously announced cash tender offer (the "Tender Offer") by its wholly-owned subsidiaries, Tower Automotive Holdings USA, LLC and TA Holdings Finance, Inc. (such subsidiaries collectively, the "Company"), to ... 
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03/15/13Tower International Announces Cash Tender Offer for up to $275,992,000 for Outstanding 10.625% Senior Secured Notes due 2017
LIVONIA, Mich., March 15, 2013 /PRNewswire/ -- Tower International, Inc. (NYSE: TOWR), a leading integrated global manufacturer of engineered structural metal components and assemblies, today announced that its wholly-owned subsidiaries Tower Automotive Holdings USA, LLC and TA Holdings Finance, Inc. (such subsidiaries collectively, the "Company") have commenced a cash tender offer (the "Tender Offer") to purchase up to $275,992,000 of their outstanding 10.625% Senior Secured Notes due 2017 ... 
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02/15/13Tower International Reports Solid Fourth Quarter Results and Positive Outlooks for 2013 and 2014
LIVONIA, Mich., Feb. 15, 2013 /PRNewswire/ -- Tower International, Inc. [NYSE: TOWR], a leading integrated global manufacturer of engineered structural metal components and assemblies, today announced its 2012 results and provided preliminary outlooks for 2013 and 2014. Revenue from continuing operations for fourth quarter 2012 was $508 million, slightly better than company guidance of $503 million.   Revenue was down from $517 million in the fourth quarter 2011.  Adjusted EBITDA for ... 
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02/04/13Tower International to Announce Fourth Quarter and Full Year 2012 Financial Results
LIVONIA, Mich., Feb. 4, 2013 /PRNewswire/ -- Tower International, Inc. (NYSE: TOWR), a leading integrated global manufacturer of engineered structural metal components and assemblies, will report fourth quarter and full year 2012 financial results before the market opens on Friday, February 15, 2013, via PR Newswire.  At 11:00 a.m. EST on that date, a conference call is scheduled to discuss the results in further detail, as well as other related matters. To participate in the... 
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01/14/13Tower International to participate in Deutsche Bank Global Auto Industry Conference on January 16
LIVONIA, Mich., Jan. 14, 2013 /PRNewswire/ -- Tower International, Inc. (NYSE: TOWR), a leading integrated global manufacturer of engineered structural metal components and assemblies, today announced that President and CEO Mark Malcolm will participate in the Deutsche Bank Global Auto Industry Conference in Detroit, Mich., on Wednesday, January 16, 2013.  The company's presentation will begin at 11:45 a.m. EST and is expected to last approximately 40 minutes, including time for a question-a... 
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