Commercial Business Suppliers

Titan buys more than $138 million in notes

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Titan International Inc.'s tender offer for its 8% senior unsecured notes due 2012 expired on Oct. 1. Titan purchased more than $138 million in notes.

Additionally, on Oct. 4, Titan accepted for purchase and paid for an additional $10,000 principal amount of its senior notes that were tendered on or before the expiration date.

Holders of those notes received the tender offer consideration of $1,045 per $1,000 principal amount of senior notes, which "does not include the consent payment of $30 per $1,000 principal amount of senior notes," according to Titan officials.

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