Titan Doubles Convertible Senior Notes Offer

Titan International’s December 13 offering of US$75 million aggregate principal amount Convertible Senior Subordinated Notes, due 2017, has been increased to $150 million aggregate principal amount. The offer’s terms and conditions remain as previously announced.

Titan says it intends to use the proceeds from the offering for general corporate purposes, including financing potential future acquisitions and repayment of existing debt obligations.