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

|About: Titan International Inc. (TWI)|By:, SA News Editor

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.