Daily News: October 15, 2013

Bank of America Agents Tower Group Facility Amendment

Tower Group International, Ltd. and Tower Group, Inc. (TGI), entered into a fifth amendment agreement to its amended and restated credit facility agreement with the various financial institution parties named therein as lenders and Bank of America as administrative agent, fronting bank and L/C administrator.

Pursuant to the amendment, the required percentage of the lenders has agreed to waive the company’s non-compliance with certain covenants in the credit agreement regarding the company’s delivery of certain financial statements and related compliance certificates to the lenders. Pursuant to the amendment, the parties thereto also agreed to amend certain indebtedness covenants.