TOWR News

NEW BOSTON, Mich., Sept. 20, 2019 /PRNewswire/ -- Autokiniton US Holdings, Inc. ("Parent") today announced that Tiger Merger Sub, Inc. (the "Offeror"), a wholly owned subsidiary of Parent, has extended the offering period of its previously announced cash tender offer to purchase all of the outstanding shares of common stock of Tower International, Inc. (TOWR) ("Tower"). The tender offer is being made pursuant to the Agreement and Plan of Merger, dated as of July 12, 2019, by and among the Offeror, Parent and Tower (as it may be amended from time to time, the "Merger Agreement"). The tender offer is now scheduled to expire at 5:00 p.m., New York City time, on September 27, 2019, unless extended or earlier terminated, in either case pursuant to the terms of the Merger Agreement.

Moody's Investors Service confirmed the ratings of Autokiniton US Holdings, Inc. ("Autokiniton"), including Corporate Family Rating ("CFR") and existing senior secured rating at B2 and the Probability of Default Rating at B2-PD. Moody's also assigned a B2 rating to the new $400 million incremental senior secured term loan. Upon closing, the debt of Tower Automotive Holdings USA, LLC (Tower's rated debt issuer) is expected to be repaid at which time the ratings on that debt will be withdrawn.

NEW YORK, Aug. 14, 2019 -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: OMNOVA Solutions Inc. (NYSE: OMN)The.

NEW YORK, NY / ACCESSWIRE / September 10, 2019 / Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in ...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Autokiniton US Holdings, Inc. New York, August 21, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Autokiniton US Holdings, Inc. (Autokiniton) and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

Rating Action: Moody's withdraws Tower Automotive Holdings USA, LLC's ratings. Global Credit Research- 02 Oct 2019. Approximately $253 million of debt obligations affected.

NEW YORK, NY / ACCESSWIRE / August 21, 2019 / Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New ...

WILMINGTON, Del., Sept. 09, 2019 -- Rigrodsky & Long, P.A.: Rigrodsky & Long, P.A. announces that it has filed a class action complaint in the United States District.

Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Tower Automotive Holdings USA, LLC and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

NEW YORK, Aug. 29, 2019 -- Bragar Eagel & Squire, P.C. announces to investors that it is investigating potential claims on behalf of stockholders of Monotype Imaging.

NEW YORK, Aug. 13, 2019 -- If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice.

WILMINGTON, Del., Aug. 07, 2019 -- Rigrodsky & Long, P.A. announces that it is investigating: Speedway Motorsports, Inc. (NYSE: TRK) regarding possible breaches of.

NEW BOSTON, Mich. , Sept. 30, 2019 /PRNewswire/ -- Autokiniton US Holdings, Inc. ("AGG") today announced the completion of its acquisition of Tower International, Inc. (NYSE: TOWR) (" Tower ...

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Moody's Investors Service confirmed the ratings of Autokiniton US Holdings, Inc. ("Autokiniton"), including Corporate Family Rating ("CFR") and existing senior secured rating at B2 and the Probability of Default Rating at B2-PD. Moody's also assigned a B2 rating to the new $400 million incremental senior secured term loan. The incremental term loan along with equity from affiliates of KPS Capital Partners, L.P. (KPS) will be used to fund Autokiniton Global Group's ("AGG", Autokiniton's parent) acquisition of Tower International, Inc. ("Tower").

NEW YORK, NY / ACCESSWIRE / August 15, 2019 / Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New ...

NEW YORK, Aug. 16, 2019 -- If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice.

NEW YORK, Sept. 13, 2019 -- If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice.

NEW YORK, Sept. 06, 2019 -- If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this.

NEW YORK, NY / ACCESSWIRE / August 16, 2019 / Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Tower International, Inc. (NYSE:TOWR) The investigation ...