Titan Announces Final Results of Tender Offer

Titan International reports that at the expiration time for its eight per cent senior unsecured notes offer on October 1, 99.2 per cent of the outstanding principal amount had been validly tendered – a sum totalling US$138,884,000. The company accepted and paid for $138,874,000 aggregate principal amount of its senior notes, as per a previously announced early settlement election, and subsequently accepted for purchase and paid for an additional $10,000 principal amount of senior notes that were tendered on or prior to the expiration time.