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Titan to offer $175 million principal amount

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Titan International Inc. has announced its intention to offer $175 million aggregate principal amount of its senior secured notes due 2017.

Notes are being offered by the initial purchasers only to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and outside the U.S. in compliance with Regulation S.

Titan intends to use the net proceeds from this offering to finance the purchase of the company's 8% senior unsecured notes due 2012 and to pay all consent payments, accrued interest and other associated costs. The company expects to use any remaining proceeds for general corporate purposes, including financing potential acquisitions and repayment of other obligations.

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