QUINCY, Ill. (Sept. 1, 2010) — Titan International Inc. has submitted a cash tender offer for any and all of its $139.9 million aggregate principal amount outstanding of 8 percent senior unsecured notes due in 2012.
The tender offer will expire at midnight Eastern Standard Time on Tuesday, Sept. 28, 2010, unless extended or earlier terminated, according to the company.
Titan also announced a concurrent consent solicitation for proposed amendments to the indenture under which the senior notes were issued. The tender offer and the consent solicitation are being made on the terms and are subject to the conditions set forth in the Aug. 31 Offer to Purchase and Consent Solicitation Statement issued by the Quincy-based wheel and tire maker.
To be eligible to receive the total consideration for tendered senior notes, Titan said holders must validly tender their senior notes and deliver their consents at or prior to 5 p.m. EST, on Tuesday, Sept. 14, 2010, unless extended.