Banks Talk Price on Tower, Chemtura Notes
- MultiPlan, Chemtura Loans Break, Rise on Secondary. Kellerhals, Richard // High Yield Report;8/23/2010, Vol. 21 Issue 34, p3
The article reports that a 1.3-billion-U.S. dollar institutional term loan for health care cost management provider MultiPlan and a 300-million-dollar exit term loan backing the exit of chemical company Chemtura Corp. from bankruptcy both broke for trading on August 23, 2010 and increase in price.
- Firms Download Debt With Equity IPOs. Sheahan, Matthew // Investment Dealers' Digest;4/1/2011, Vol. 77 Issue 13, p8
The article focuses on the approach of private equity-owned companies for initial public offerings (IPOs) to reduce their financial leverage. It states that Allison Transmission Inc., manufacturer of transmissions and auto parts will raise 750 million dollars to pay its debt. It says that GNC...
- Chemtura Exit Financing Takes Shape; Loss Narrows. Valk, Vincent // Chemical Week;8/16/2010, Vol. 172 Issue 19, p11
The article reports that Chemtura will receive 750 million U.S. dollars of its 1.025 billion U.S. dollars exit financing package through a bond issue worth 455 million U.S. dollars and a minion senior term loan worth 295 million U.S. dollars. Meanwhile, the remaining 275 million U.S. dollars in...
- Tower's goal: Growth for company, `colleagues'. Ghering, Mike // Grand Rapids Business Journal;02/03/97, Vol. 15 Issue 5, p7
Features Grand Rapids, Michigan-based Tower Automotive Inc. and the company's goals for the company and its employees. Company plans od acquiring Automotive Products Co.; statements from company executives; Company background.
- Frictin Stir Welding in Automotive Application. // Welding Design & Fabrication;Feb2003, Vol. 76 Issue 2, p50
Reports on Tower Automotive Inc.'s announcement that it has successfully produced suspension links using friction stir welding (FSW) process. Concept of the FSW technology; Benefits of users; Contact information.
- Upward mobility. Couretas, John // Automotive News;6/9/1997, Vol. 71 Issue 5716, p2i
Focuses on the success of Tower Automotive Inc. Its reliance on lean manufacturing principles; Its acquisition of A.O. Smith Corp.'s Automotive Products division; Tower as a leading consolidator in the automotive industry; Other important acquisitions it made from 1993 to June 1997.
- Follow the leader. Lowell, Jon // Ward's Auto World;Jul97, Vol. 33 Issue 7, p48
Examines the buyout and takeover route to rocket revenues which is used by Tower Automotive president and chief executive officer, Dugald (Dug) Campbell. What are the list of companies acquired by Tower Automotive since 1993; How many persons are employed by Tower's headquarters; Comments from...
- Platform Specialty Seeks $505M in Added Loan Capacity. Fest, Glen // High Yield Report;7/28/2014, p9
The article reports on the search of Platform Specialty Products Corp. for an added loan capacity of 505 million dollars in July 2014. Topics covered include its plan to buy Chemtura for one billion dollars and the debt ratings received by the firm from Moody's Investors Service. Also mentioned...
- Makers' troubles jolt Tower Automotive. Sherefkin, Robert // Automotive News;2/4/2002, Vol. 76 Issue 5969, p3
Reports the impact of the decline of light-vehicle production on Tower Automotive Inc. in North America. Accounts on the closure of stamping and press operations; Continuance of automobile frames supply for Dodge Ram and Ford Ranger; Forecast on the company sales in Europe.