Davis Polk advised JPMorgan Chase Bank, N.A. as administrative agent, issuing lender and swing line lender in connection with the second amendment and restatement of its existing $150 million asset-based revolving credit facility for Tower Automotive Holdings USA, LLC. The facility will be used for general corporate purposes.
Tower International, Inc., with 29 production facilities and eight engineering and sales locations throughout the world, is one of the largest independent global suppliers of automotive metal structural components and assemblies, serving virtually every major automotive vehicle manufacturer.
The Davis Polk credit team included partner Kenneth J. Steinberg, associate Peter T. Bazos, law clerk Scott M. Herrig and summer associate Samantha Jacoby. Counsel Susan D. Kennedy and associate Stephen J. Holler provided real estate advice. Partner Rachel D. Kleinberg and associate Anthony L. Oliva provided tax advice. Counsel Hayden S. Baker and associate Amy E. Turner provided environmental advice. Associate Veronica M. Wissel provided ERISA advice. Associate Bruce Rose-Innes provided intellectual property advice. Karen S. Cottrell and Kathleen T. Ray were the legal assistants on the transaction. Members of the Davis Polk team are based in the New York and Menlo Park offices.
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