Shearman & Sterling represented Goldman, Sachs & Co., Jefferies LLC and William Blair & Company, LLC as initial purchasers in connection with Titan International, Inc.’s offering of $325 million of its 7.875% Senior Secured Notes due 2017. The proceeds from the offering were used to repay existing indebtedness of a recently acquired business in Europe and for general corporate purposes.
The offering was a re-opening and an issuance of additional notes under the indenture, dated as of October 1, 2010, pursuant to which Titan previously issued $200 million aggregate principal amount of its 7.875% Senior Secured Notes due 2017.
Titan, based in Quincy, Illinois, manufactures wheels and tires for the off-highway industry.
The following Shearman & Sterling team advised on this transaction: partners Lisa Jacobs (New York-Capital Markets), and Laurence Bambino(New York-Tax), of counsel James Scott (New York-Capital Markets), counsel Robert Fagiola (New York-Real Estate), and Jeffrey Salinger (New York-Real Estate/Environmental), associates Merritt Johnson (New York-Capital Markets), Matthew Gautier (New York-Finance), Christopher Dana (Washington, D.C.-Capital Markets), Michael Blankenship (New York-Financial Institutions Advisory & Financial Regulatory), Jocelyn Bush (New York-Real Estate), Laura Mulry (New York-Real Estate/Environmental), and Elizabeth Fluke (New York-Corporate Group) and legal assistant Kristina Bergess (New York-Capital Markets).
