In conjunction with the Exchange Offer , Wolverine Tube is soliciting consents ( the " Consent Solicitation " ) to the adoption of proposed amendments ( the " Proposed Amendments " ) to the indenture governing the Existing Notes . Any holder of the Existing Notes who tenders its Existing Notes pursuant to the Exchange Offer will be deemed to have delivered a consent to the Proposed Amendments . The Proposed Amendments are being sought in order to eliminate substantially all of the restrictive covenants and certain events of default and related provisions contained in the indenture governing the Existing Notes in order to permit the Exchange Offer to be consummated . The indenture relating to the New Notes , however , will contain restrictive covenants and events of default substantially similar to those contained in the indenture governing the Existing Notes . The purpose of the Exchange Offer and the Consent Solicitation is to refinance certain of Wolverine Tube 's indebtedness .