Titan International Inc. said it is extending the expiration time of its previously announced offer to purchase its issued and outstanding 8% senior unsecured notes due 2012.
The tender offer, previously set to expire at midnight EST on Sept. 28, will now expire at 5 p.m. EST on Oct. 1.
As of 5 p.m. Sept. 23, roughly $138.8 million aggregate principal amount of senior notes, approximately 99.2% of the outstanding aggregate principal amount of senior notes, had been validly tendered.
Titan has engaged Goldman, Sachs & Co. as dealer manager and solicitation agent for the tender offer and consent solicitation.