-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TP5Y1zkzrbmhc+wSckkZ838J1y3TouRcZg5WPqmsHB91goqtYqU9d2Zxtc/u/2ZQ KuNY77a2f53yIOyJVPOEhw== 0000899751-10-000025.txt : 20100514 0000899751-10-000025.hdr.sgml : 20100514 20100513182018 ACCESSION NUMBER: 0000899751-10-000025 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20100513 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100514 DATE AS OF CHANGE: 20100513 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TITAN INTERNATIONAL INC CENTRAL INDEX KEY: 0000899751 STANDARD INDUSTRIAL CLASSIFICATION: STEEL WORKS, BLAST FURNACES ROLLING MILLS (COKE OVENS) [3312] IRS NUMBER: 363228472 STATE OF INCORPORATION: IL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12936 FILM NUMBER: 10830026 BUSINESS ADDRESS: STREET 1: 2701 SPRUCE ST CITY: QUINCY STATE: IL ZIP: 62301 BUSINESS PHONE: 2172286011 MAIL ADDRESS: STREET 1: 2701 SPRUCE ST CITY: QUINCY STATE: IL ZIP: 62301 FORMER COMPANY: FORMER CONFORMED NAME: TITAN WHEEL INTERNATIONAL INC DATE OF NAME CHANGE: 19930403 8-K 1 form8k.htm TITAN INTERNATIONAL, INC. FORM 8-K MAY 13, 2010 form8k.htm  


 
UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):  May 13, 2010

 
TITAN INTERNATIONAL, INC.
(Exact name of Registrant as specified in its Charter)


Illinois
1-12936
36-3228472
(State of Incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)

2701 Spruce Street, Quincy, IL 62301
 (Address of principal executive offices, including Zip Code)

(217) 228-6011
(Registrant’s telephone number, including area code)


Check the appropriate box below if the Form 8-K filling is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 

 

INFORMATION TO BE INCLUDED IN THIS REPORT
 
Item 7.01  REGULATION FD DISCLOSURE

On May 13, 2010, Titan International, Inc. (Titan) issued a press release announcing a tender offer for its 8% senior unsecured notes due 2012.

In a separate press release, Titan also announced a proposed private offering of at least $150 million senior unsecured notes.
 
Item 9.01  FINANCIAL STATEMENTS AND EXHIBITS
 
(c)           Exhibits
 
 
99.1
Titan International, Inc.’s press release dated May 13, 2010, regarding Titan announcing a tender offer for its 8% senior unsecured notes due 2012.
 
 
99.2
Titan International, Inc.’s press release dated May 13, 2010, regarding Titan announcing a proposed private offering of at least $150 million senior unsecured notes.
 

 


 
 

 



SIGNATURE


Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.




 
TITAN INTERNATIONAL, INC.
 
(Registrant)

Date: 
May 13, 2010
By
/s/ Kent W. Hackamack
      
Kent W. Hackamack
     
Vice President of Finance and Treasurer
     
(Principal Financial Officer)
       

 
 

 

EXHIBIT INDEX
 
Exhibit No.
Description
   
99.1
Titan International, Inc.’s press release dated May 13, 2010, regarding Titan announcing tender offer for its 8% senior unsecured notes due 2012.
 
99.2
Titan International, Inc.’s press release dated May 13, 2010, regarding Titan announcing a proposed private offering of at least $150 million senior unsecured notes.
 
 
 
 
 
EX-99.1 2 ex99_1.htm PRESS RELEASE DATED MAY 13, 2010 - TENDER OFFER ex99_1.htm  

 
Exhibit 99.1
 

Titan Announces Tender Offer for its 8% Senior Unsecured Notes Due 2012

QUINCY, Ill. - May 13, 2010 -  Titan International, Inc. (NYSE: TWI) today announced that it has commenced a tender offer to purchase any and all of its issued and outstanding 8% Senior Unsecured Notes due 2012 (the “Senior Notes”). The tender offer is being made pursuant to an offer to purchase and a related letter of transmittal, each dated May 13, 2010. The early tender time of the tender offer is 5 p.m. Eastern Time on May 26, 2010, and the tender offer will expire at midnight Eastern time on June 10, 2010, unless extended.
 
Holders of Senior Notes that are validly tendered prior to the early tender time and accepted for payment will receive $1,050 per $1,000 principal amount of the Senior Notes (the “total consideration”), plus any accrued and unpaid interest up to, but not including, the applicable settlement date. Holders of Senior Notes that are validly tendered after the early tender time but before the expiration time will receive $1,000 per $1,000 principal amount of the Senior Notes (the “tender offer consideration”), plus any accrued and unpaid interest up to, but not including, the final settlement date.
 
The tender offer is subject to the satisfaction or waiver of certain conditions, including the consummation of an offering of notes, there having been at least $125 million in aggregate principal amount of the Senior Notes being validly tendered, and other general conditions, each as more fully described in the offer to purchase. Subject to these conditions, Titan reserves the right to accept for purchase all Senior Notes validly tendered on or prior to the early tender time and to pay the total consideration on an early settlement date following the early tender time. If Titan does not exercise the option to settle on the early settlement date, holders of Senior Notes validly tendered and accepted for payment will receive the total consideration or the tender offer consideration, as applicable, on the final settlement date promptly follo wing the expiration time. Titan may amend, extend or terminate the tender offer in its sole discretion. The complete terms and conditions of the tender offer are set forth in the offer to purchase and related letter of transmittal, and holders are urged to read such tender offer documents carefully.
 
The sole dealer manager for the tender offer is Goldman, Sachs & Co. Questions about the tender offer may be directed to the sole dealer manager at (800) 828-3182 (toll free). Copies of the offer to purchase and related letter of transmittal may be obtained from Global Bondholder Services Corporation, the information agent for the tender offer, at (866) 470-4300 (toll free).
 
The tender offer is being made solely by means of the offer to purchase and related letter of transmittal.  Under no circumstances shall this press release constitute an offer to purchase or the solicitation of an offer to sell the Senior Notes or any other securities of the company. No recommendation is made as to whether holders of the Senior Notes should tender their Senior Notes.
 
Any securities which may be offered in the notes offering will not be and have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
 
This press release includes forward-looking statements that involve risks and uncertainties, including risks as detailed in Titan International, Inc.’s periodic filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2009. The company cautions that any forward-looking statements included in this press release are subject to a number of risks and uncertainties and the company undertakes no obligation to publicly update or revise any forward-looking statements.
 
Titan International, Inc. (NYSE: TWI), a holding company, owns subsidiaries that supply wheels, tires and assemblies for off-highway equipment used in agricultural, earthmoving/construction and consumer (including all terrain vehicles) applications.
 
Contact: Courtney Leeser
Communications Coordinator
(217) 221-4489
 
EX-99.2 3 ex99_2.htm PRESS RELEASE DATED MAY 13, 2010 - PROPOSED PRIVATE OFFERING ex99_2.htm  

 
Exhibit 99.2
 

Titan Announces Proposed Private Offering of at Least
$150 Million Senior Unsecured Notes

QUINCY, Ill.  - May 13, 2010 - Titan International, Inc. (NYSE: TWI) today announced that it is proposing an offering through a private placement of at least $150 million aggregate principal amount of unsecured senior notes (the “Notes”). The net proceeds of this offering are intended to be used to fund the cash purchase of any and all of its 8% senior unsecured notes due 2012 through a tender offer, to pay related fees and expenses and for general corporate purposes. The tender offer is being made solely by means of the tender offer documentation.
 
The Notes are being offered by the initial purchasers only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) or, outside the United States, to persons other than “U.S. persons” in compliance with Regulation S under the Securities Act. The Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, registration requirements. A confidential offering circular will be made available to eligible holders. The offering will be conducted in accordance with the terms and subject to the conditions set forth in the offering circular.
 
This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sales of securities mentioned in this press release in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
 
This press release includes forward-looking statements that involve risks and uncertainties, including risks as detailed in Titan International, Inc.’s periodic filings with the Securities and Exchange Commission, including the annual report on Form 10-K for the year ended December 31, 2009. The company cautions that any forward-looking statements included in this press release are subject to a number of risks and uncertainties and the company undertakes no obligation to publicly update or revise any forward-looking statements.
 
Titan International, Inc. (NYSE: TWI), a holding company, owns subsidiaries that supply wheels, tires and assemblies for off-highway equipment used in agricultural, earthmoving/construction and consumer (including all terrain vehicles) applications.
 
Contact: Courtney Leeser
Communications Coordinator
(217) 221-4489

-----END PRIVACY-ENHANCED MESSAGE-----