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
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 selling stockholder also expects to grant the underwriters a 30-day option to purchase up to an additional 900,000 shares. Tower International, Inc. will not receive any of the proceeds from the sale of shares in the offering. Goldman, Sachs & Co., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are acting as joint book-running managers of the offering. Wells Fargo Securities, LLC and Robert W. Baird & Co. Incorporated are acting as co-managers in the offering.
The offering is being made pursuant to an effective shelf registration statement, including a prospectus and a preliminary prospectus supplement relating to the offering, filed by Tower International, Inc. with the U.S. Securities and Exchange Commission ("SEC"). Prospective investors should read the prospectus in that registration statement, the preliminary prospectus supplement and other documents that Tower International, Inc. has filed with the SEC for more complete information about Tower International, Inc. and the offering. Copies of the preliminary prospectus supplement and the accompanying prospectus relating to the offering may be obtained by visiting EDGAR on the SEC Website at
or by contacting Goldman, Sachs & Co., Attn: Prospectus Department, 200 West Street,
, NY 10282, telephone: (866) 471-2526, facsimile: (212) 902-9316, email:
; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
11717, telephone: 1-800-831-9146; and J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
11717, or by telephone at (866) 803-9204.
This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offer or sale of these securities will be made only by means of a prospectus, including a prospectus supplement, forming a part of the related registration statement.