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Titan International, Inc. announces the proposed offer of secured senior records | tidings




Soon, Ill., April 7, 2021 / PRNewswire / –Titan International, Inc. (NYSE: TWI) (“Titan” or “Company”) today announced its intention to offer through a private placement, subject to market and other conditions, $ 400 million the total principal amount of its old secured notes belonging to 2028 (“2028 Notes”). The 2028 notes are being provided by novice buyers only to persons reasonably believed to be eligible institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) and abroad. United States in accordance with Regulation S under the Securities Act.

Titan intends to use the net proceeds from the offer to finance its 6.50% High Insurance settlement for 2023 (“Notes 2023”), including all call premiums, accrued interest, costs and associated costs. with them, for which redemption is required in accordance with the applicable provisions of the indentation governing the notes of 2023. The settlement of Notes 2023 is conditional on the closing of the offer and the sale of the Notes 2028.

This press release does not constitute an offer to sell, or a request for an offer to purchase, Notes 2028. Any offer of Notes 2028 will only be made through a private bid circular. The 2028 notes are not registered under the Securities Act or the securities laws of any jurisdiction and may not be offered or sold in United States without registration or an applicable exemption from registration requirements. This press release is for informational purposes only and does not constitute a redemption notice or other offer to purchase or a request for an offer to purchase any of the 2023 Notes.

Safe harbor statement:

This press release contains forward-looking statements regarding the Company’s intention to provide, subject to market and other conditions, the 2028 Notes; use of revenue for 2028 Notes; and the Company ‘s intent to settle the 2023 Notes. These future statements are covered by the safe harbor for “forward – looking statements” provided by the 1995 Securities Judicial Procedure Reform Act. believe “,” expect “,” anticipate “,” plan “,” will “,” can “,” potential “,” can “,” will “and other similar expressions are intended to identify forward-looking statements, which are generally not of a historical nature. These future statements are based on our current expectations and beliefs about future developments and their potential impact on us. Although we believe the assumptions underlying these future statements are reasonable, these assumptions are subject to considerable risks and uncertainties and may vary based on a variety of factors, some of which are beyond the control of Titan International, Inc. . As a result, any of these assumptions may prove to be inaccurate and future statements based on these assumptions may be inaccurate, and actual results may differ materially from those shown or predicted by such statements. The inclusion of such statements should not be construed as a representation of such plans, estimates or expectations to be achieved. The issues discussed in these future statements are subject to risks, uncertainties and other factors that may cause current results and trends to differ materially from those made, predicted or implied in or through future statements, depending on a a variety of uncertainties or other factors including, but not limited to, the Company’s ability to refinance its 2023 earnings records on favorable terms for it or at all due to prevailing market conditions or otherwise; the continuing effect of the COVID-19 pandemic on our financial operations and performance; changes in the Company’s end-user markets in which the Company sells its products as a result of domestic or global economic or regulatory impacts or otherwise; market changes, including new products and price changes by the Company’s competitors; the ability of the enterprise to maintain satisfactory working relationships; unfavorable results of court proceedings; the ability of the company to comply with current or future regulations applicable to the company business and the industry in which it competes or the actions taken or orders issued by regulatory authorities; availability and price of raw materials; operating efficiency levels; the effects of the company’s debt and its compliance with its terms; changes in the interest rate environment and their effects on the Company ‘s outstanding debt; adverse product liability and warranty claims; actions of domestic and foreign governments, including the imposition of additional tariffs; geopolitical and economic uncertainties regarding the countries in which the Company operates or does business; acquisition-related risks, including difficulty in integrating operations and personnel, discontinuation of ongoing business, and increased costs; investment results; the effects of possible processes to explore different strategic transactions, including possible provisions; fluctuations in currency translations; risks related to environmental laws and regulations; risks in relation to our production facilities, including that any of our material facilities may become inoperable; risks related to financial reporting, internal controls, tax accounting and information systems; and risks and other factors detailed in the Company’s periodic reports filed with the Securities and Exchange Commission, including disclosures under “Risk Factors” in those reports. These future statements are made only on the date of this instruction. The Company warns that any forward-looking statements contained in this press release are subject to a number of risks and uncertainties, and the Company assumes no obligation to publicly update or revise any future statements, whether as a result of new information, changed circumstances or future events, or for any other reason other than as required by law.

About Titan

Titan International, Inc. (NYSE: TWI) is a leading global manufacturer of off-road wheels, tires, fittings and wheelchair products. Headquartered in Illinois, The company worldwide produces a wide range of products to meet the specifications of original equipment manufacturers (OEMs) and offspring market customers in agriculture, land / construction and consumer markets. For more information, visit

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