Lowenstein represented Tower International, Inc. (NYSE: TOWR) and Tower International Holdings, LLC, an affiliate of Cerberus Capital Management, L.P., in connection with a $160 million SEC-registered secondary offering of 7,888,122 shares of Tower International, Inc.’s common stock by Tower International Holdings, LLC, at a price to the public of $21.25 per share. The Lowenstein team was led by Robert G. Minion, Peter H. Ehrenberg and Michael J. Reinhardt and included attorneys Brian A. Silikovitz, Alison S. Fraser and Kate Basmagian.
Tower International, Inc. is a leading integrated global manufacturer of engineered structural metal components and assemblies primarily serving automotive original equipment manufacturers. Tower International, Inc.’s products are manufactured at 29 production facilities in North America, South America, Europe and Asia.
Lowenstein also represented Tower International, Inc. in a recent repricing of its $420 million term loan credit facility. The Lowenstein team was led by Lowell A. Citron and included attorneys Ryan S. Melcher, Edward J. Newlands and Demitrios T. Moustakis.
Davis Polk & Wardwell LLP advised Goldman, Sachs & Co., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC as representative of the several underwriters in the secondary offering and Citibank, N.A., as agent in connection with the repricing of the term loan credit facility.
