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Titan International (TWI +1.2%) bounces back from early losses after announcing a private...

Titan International (TWI +1.2%) bounces back from early losses after announcing a private placement for $275M in aggregate principal of its 7.875% Senior Secured Notes due 2017. The company will use the lions share of the net proceeds to repay a portion of the existing debt under the European credit facilities assumed as part of its acquisition of Titan Europe Plc in Q412.
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