EXHIBIT 99.1


                        [WOLVERINE TUBE, INC. LETTERHEAD]

                             P R E S S  R E L E A S E

Contact:      Jed Deason
              Chief Financial Officer
              (256) 580-3510

                WOLVERINE TUBE, INC. - REVOLVING CREDIT FACILITY

HUNTSVILLE, AL., February 6, 2002 - Wolverine Tube, Inc. (NYSE: WLV) today
announced that to address any potential financial covenant violations under its
$200 million Revolving Credit Facility, the Company has entered into a Limited
Waiver with its lenders. Under the terms of the Limited Waiver, the lenders
waived compliance with the financial covenants contained in the Facility from
December 31, 2001 through April 16, 2002. In return, the Company agreed to limit
borrowings under the Facility to an aggregate amount of $130 million, to grant a
security interest in all U.S. accounts receivable and inventory to secure all
new borrowings under the Facility after the date of the execution of the Limited
Waiver, adjust the floating base interest rate on the Facility to LIBOR plus
3.00% and limit certain non-operating activities of the Company. In addition to
the Limited Waiver, the Company and the lenders entered into a Sixth Amendment
to Credit Agreement and Security Agreement documenting the agreed upon terms in
the Limited Waiver. The Facility matures on April 30, 2002 and the Company is in
the process of negotiating a refinancing structure.

Jed Deason, Chief Financial Officer stated, "Given the current recession and
general business environment, the Limited Waiver provides the Company with
adequate time to either refinance or restructure the Facility with an
appropriate financing facility that meets the longer-term needs of the Company.
This process is well underway!" The Company believes that the funds available
from the Facility together with cash flow from operations will be sufficient to
satisfy the Company's normal operating requirements, including working capital
needs, interest obligations, mandatory redemption of its preferred stock and
capital spending requirements, during the period of the waiver. As of February
4, 2002, the Company had approximately $100 million in outstanding borrowings
and obligations under the Facility.


Wolverine Tube, Inc. provides its customers with copper and copper alloy tube,
fabricated products, brazing alloys, fluxes and lead-free solder, as well as
copper and copper alloy rod, bar and strip products. Internet addresses:
http://www.wlv.com and http://www.silvaloy.com.

Forward-looking statements in this press release are made pursuant to the "Safe
Harbor" provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements use such words as "may," "will," "expect,"
"believe," "intend" and other similar terminologies and express the Company's
expectations concerning the Company's ability to meet its cash needs during the
period of the waiver. These forward-looking statements are subject to various
risks and uncertainties that could cause actual results to differ materially
from




those stated or implied by such forward-looking statements. The Company
undertakes no obligation to publicly release any revision of any forward-looking
statement contained herein to reflect events or circumstances occurring after
the date hereof or to reflect the occurrence of unanticipated events. With
respect to expectations of the Company's ability to meet its cash flow needs,
factors that could affect actual results include, without limitation,
assumptions made as to the timing of collections of accounts receivable, the mix
and timing of sales revenue, labors costs, raw materials costs, fuel and energy
costs and the effect of currency fluctuations. A discussion of the risk factors
which could cause actual results to differ from those contained in the
forward-looking statements can be found in the Company's Annual Report on Form
10-K for the fiscal year ended December 31, 2000, as well as other reports filed
from time to time with the Securities and Exchange Commission, including the
Company's most recent Quarterly Report on Form 10-Q for the fiscal quarter ended
September 30, 2001.



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