Titan closes private placement of senior secured notes due 2020

8th October 2013 | 0 Comments

Titan International has announced the closing of its offering of $400 million aggregate principal amount of 6.875 per cent Senior Secured Notes, due 2020.

Titan intends to use the net proceeds from the offering to finance the purchase of the Company’s 7.875 per cent Senior Secured Notes due 2017 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.

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Category: International News

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