Titan announces dividend, increases notes offer
Titan International’s Board of Directors has approved a quarterly cash dividend of US$.005 (one half cent) per common share for the first quarter of 2013. The cash dividend is payable Monday 15 April 2013 to stockholders of record on Thursday 28 March 2013.
On 6 March the tyre maker also announced an increase of its Senior Secured Notes offering from the previously announced $275,000,000 aggregate principal amount to $325,000,000 aggregate principal amount. The issue price is 106.250 per cent of the Notes’ principal amount.
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