Tuesday, October 08, 2013 3:29:49 PM
3:54 PM ET 10/7/13 | BusinessWire
Titan International, Inc. (NYSE: TWI) ("Titan" or the "Company") today announced the closing of its offering of $400 million aggregate principal amount of 6.875% Senior Secured Notes due 2020 (the "Notes"). The Notes were offered and sold in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and outside the United States in compliance with Regulation S.
Titan intends to use the net proceeds from the offering to finance the purchase of the Company's 7.875% Senior Secured Notes due 2017 (the "2017 Notes") validly tendered pursuant to a tender offer and consent solicitation which it commenced on September 23, 2013, and to pay all consent payments, accrued interest, costs and expenses associated therewith. Titan intends to use any remaining net proceeds from the offering of the Notes for general corporate purposes, which may include repayment of other existing obligations (including the redemption, repurchase or other retirement of any remaining 2017 Notes) and financing potential future acquisitions.
This press release does not constitute an offer to sell, or the solicitation of an offer to buy, the Notes. Any offers of the Notes will be made only by means of a private offering circular. The Notes have not been registered under the Securities Act and may not be offered or sold in the United States without registration or an applicable exemption from registration requirements.
Safe harbor statement:
This press release includes forward-looking statements that involve risks and uncertainties, including risks as detailed in Titan International, Inc.'s periodic filings with the Securities and Exchange Commission, including the annual report on Form 10-K for the year ended December 31, 2012. The company cautions that any forward-looking statements included in this press release are subject to a number of risks and uncertainties and the company undertakes no obligation to publicly update or revise any forward-looking statements.
Titan International, Inc., a holding company, owns subsidiaries that supply wheels, tires, assemblies and undercarriage products for off-highway equipment used in agricultural, earthmoving/construction and consumer (including all-terrain vehicles) applications.
http://cts.businesswire.com/ct/CT?id=bwnews&sty=20131007006487r1&sid=cmtx6&distro=nx
SOURCE: Titan International, Inc.
Titan International, Inc.
Krista Gray
Director of IR/Communications
(217) 221-4773
Recent TWI News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/17/2024 09:24:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/17/2024 08:43:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/17/2024 08:42:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/17/2024 08:41:41 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/17/2024 08:40:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/17/2024 08:39:28 PM
- TITAN INTERNATIONAL, INC. TO PARTICIPATE IN WELLS FARGO INDUSTRIALS CONFERENCE • PR Newswire (US) • 06/04/2024 08:15:00 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 06/04/2024 04:52:18 PM
- Titan International, Inc. Reports Intention to Discuss Amendment of Stockholder Agreement to Permit American Industrial Partners to Increase Its Ownership in Company • PR Newswire (US) • 05/29/2024 08:30:00 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 05/16/2024 08:26:43 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 05/14/2024 09:14:53 PM
- Titan International, Inc. Reports First Quarter Financial Performance • PR Newswire (US) • 05/01/2024 08:15:00 PM
- Titan International, Inc. to Announce First Quarter 2024 Financial Results on May 1 • PR Newswire (US) • 04/10/2024 08:15:00 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 09:23:11 PM
- Form SC 13D - General statement of acquisition of beneficial ownership • Edgar (US Regulatory) • 03/07/2024 09:15:13 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/29/2024 01:57:57 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/29/2024 12:22:40 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/29/2024 11:04:56 AM
- TITAN INTERNATIONAL, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2023 FINANCIAL PERFORMANCE • PR Newswire (US) • 02/29/2024 11:00:00 AM
- Titan International, Inc. Acquires Carlstar Group LLC • PR Newswire (US) • 02/29/2024 11:00:00 AM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 02/28/2024 09:41:44 PM
- Titan International, Inc. to Issue Fourth Quarter 2023 Financial Results on February 29, 2024; Earnings Call Remains Unchanged • PR Newswire (US) • 02/28/2024 09:15:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/13/2024 02:48:29 PM
- Titan International, Inc. to Announce Fourth Quarter 2023 Financial Results on February 28 • PR Newswire (US) • 02/01/2024 09:15:00 PM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM