Titan Redeem 8.75 per cent Senior Subordinated Notes

Titan International, Inc was notified by the trustee that all $136.8 million (£76 million) of its outstanding 8.75% senior subordinated notes have been redeemed today, 26 August, 2004.

“We appreciate the confidence of our bond holders during the past seven years,” stated Maurice Taylor Jr., Titan president and CEO. “The financial support has been a valuable tool as Titan continuously strives to lead the off-highway wheel and tire industry.”