Wolverine Tube, Inc. Announces Successful Completion of its Exchange Offer

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Wed Apr 29, 2009 12:01pm EDT

HUNTSVILLE, Ala., April 29 /PRNewswire/ -- Wolverine Tube, Inc. ("Wolverine
Tube") announced today that it has successfully completed its previously
announced exchange offer (the "Exchange Offer") for its outstanding 10 1/2%
Senior Notes due 2009 (the "Old Notes").  As part of the Exchange Offer,
holders of approximately $84 million in principal amount of Old Notes
exchanged such notes for Wolverine Tube's new 15% Senior Secured Notes due
2012 (the "New Notes").  Including the $38.3 million in principal amount of
Wolverine Tube's 10 1/2% Senior Exchange Notes due 2009 that were exchanged
concurrently with the closing of the Exchange Offer, holders of $122 million
of Wolverine Tube's $138 million in principal amount of notes outstanding
exchanged their notes for New Notes.  As a result of the successful completion
of the Exchange Offer, Wolverine Tube has approximately $122 in aggregate
principal amount of New Notes outstanding and all of the Old Notes have been
cancelled. 

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About Wolverine Tube
Wolverine is a leading manufacturer and supplier of technically advanced,
surface-enhanced copper and copper alloy tube, fabricated products, and
high-tech brazing and joining products. Wolverine's proprietary,
custom-engineered tube products provide thermal management solutions for our
customers in multiple markets including HVAC, refrigeration and appliance,
electronics cooling, power generation, petrochemical and chemical processing.
Wolverine delivers the most advanced metal surface technology enhancements for
heat transfer solutions in today's marketplace.  Internet addresses: 
www.wlv.com

Forward-Looking Statements
All statements in this press release other than statements of historical fact
are forward-looking statements within the meaning of the "safe harbor"
provision of the Private Securities Litigation Reform Act of 1995. These
statements are based on management's current expectations and beliefs and are
subject to a number of factors and uncertainties that could cause actual
results to differ materially from those described in this press release. The
forward-looking statements speak only as of the date of this press release,
and Wolverine Tube expressly disclaims any obligations to release publicly any
update or revision to any forward-looking statement contained herein if there
are any changes in conditions or circumstances on which any such
forward-looking statement is based.

    Contact: David A. Owen, Chief Financial Officer, (256) 580 - 3976
    Contact: Christine B. Shores, Manager, Corporate Communications
            (256) 580 - 3951


SOURCE  Wolverine Tube, Inc.

David A. Owen, Chief Financial Officer, +1-256-580-3976, or Christine B.
Shores, Manager, Corporate Communications, +1-256-580-3951, both of Wolverine
Tube, Inc.
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