 |
Prospector
Profile
07.1611
|
| |
| Wolverine Tube, Inc. |
NAICS |
331421 |
| 200 Clinton Ave. West, 10th Fl.
Huntsville, AL 35801 |
Description |
Metal Fabrication |
| (256) 353-1310 |
Employees |
3087 |
| http://www.wlv.com/ |
Revenue |
(mil) |
1403.0400 |
| |
Income |
(mil) |
-79.2200 |
| |
Assets |
(mil) |
455.3300 |
| |
Liability |
(mil) |
366.1500 |
| |
(for the year ended 2006-12-31) |
| |
|
Category:
Low Rating
|
| |
|
Event:
Standard & Poor's Ratings Services affirmed its 'CC' corporate credit rating, on Wolverine Tube, Inc. In addition, all ratings were removed from CreditWatch, where they were placed with positive implications on Feb. 5, 2007. The ratings had been placed on CreditWatch following a planned capital contribution and revised registered exchange offer and solicitation of consent. The outlook is developing. "The affirmation and CreditWatch removal reflect our heightened uncertainty regarding the company's ability to meet the August 2008 maturity of its 7.375% senior notes despite recent capital contributions that have somewhat improved its near-term liquidity position," said Standard & Poor's credit analyst Sean McWhorter.
|
| |
|
Intellectual Property:
The Company owns a number of trademarks and patents on its products and related manufacturing processes and it has granted licenses with respect to some of its trademarks and patents. In addition to trademark and patent protection, the Company relies on trade secrets, proprietary know-how and technological advances. [SEC Filing S-1 04-18-07]
|
| |
|
Description:
The Company engages in the manufacture and distribution of copper and copper alloy tubular products, fabricated and metal joining products, as well as rod and bar products.
|
| |
|
Officers:
John L. Duncan (Chair); Johann R. Manning, Jr. (Pres., CEO & Dir.); James E. Deason (SVP, Sec. & CFO); Julie A. Beck (Dir.); John L. Duncan (Dir.)
|
| |
|
Auditor:
KPMG LLP
|
| |
|
Securities:
Common Stock Symbol WLVT.OB; OTC BB;
40,629,597 common shares outstanding as of Oct. 29, 2007.
7.375% senior notes due August 2008; 10.5% senior notes due April 2009.
|
| |
| |
| |
| return to main page |
|
|
