USA: Tower Automotive Announces Operating Results for the Third Quarter and Nine Months Ended September 30, 2000
Tower Automotive, Inc. (NYSE: TWR - news), today announced its operating results for the third quarter and nine months ended September 30, 2000. On July 25, 2000, the company replaced its existing credit facility with a new six-year $1.15 billion senior unsecured agreement. As a result, the company recorded an extraordinary loss on the early extinguishment of debt, net of tax, of approximately $3 million during the third quarter.
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