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8-K - FORM 8-K - TITAN INTERNATIONAL INCk49666e8vk.htm
EX-4.1 - EX-4.1 - TITAN INTERNATIONAL INCk49666exv4w1.htm
EX-4.2 - EX-4.2 - TITAN INTERNATIONAL INCk49666exv4w2.htm
EX-99.1 - EX-99.1 - TITAN INTERNATIONAL INCk49666exv99w1.htm
Exhibit 99.2
(TITAN LOGO)
News Release from Titan International, Inc.   NYSE: TWI
         
FOR IMMEDIATE RELEASE
  Contact:   Krista Whittaker
 
      Investor Relations Manager
October 1, 2010
      (217) 221-4773
Titan International, Inc. Closes Private Placement of Senior Secured Notes due 2017
QUINCY, Ill.–Titan International, Inc. (NYSE: TWI) announced today the closing of its offering of $200 million aggregate principal amount of 7.875% Senior Secured Notes due 2017 (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 its 8% Senior Unsecured Notes due 2012 validly tendered pursuant to a tender offer and consent solicitation, which commenced on August 31, 2010, and to pay all consent payments, accrued interest and costs and expenses associated therewith. Titan intends to use the remaining net proceeds from this offering for general corporate purposes, which may include financing potential future acquisitions and repayment of other existing obligations.
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, 2009. 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 and assemblies for off-highway equipment used in agricultural, earthmoving/construction and consumer (including all terrain vehicles) applications.
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2701 SPRUCE STREET QUINCY, ILLINOIS 62301 (217) 228-6011 www.titan-intl.com