Tower Automotive LLC has revealed plans to issue US$450m in senior secured notes to repay its US and European first-lien term loans due 2013. Tower Automotive, which supplies body structure stampings, frame and chassis structures, has been privately held by Cerberus Capital Management LP since the private equity firm bought Subscribe to Automotive World to … Continued
Tower Automotive LLC has revealed plans to issue US$450m in senior secured notes to repay its US and European first-lien term loans due 2013. Tower Automotive, which supplies body structure stampings, frame and chassis structures, has been privately held by Cerberus Capital Management LP since the private equity firm bought
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https://www.automotiveworld.com/articles/83309-us-tower-automotive-plans-debt-offering/
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