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Shearman & Sterling Advises on Titan International’s $200 Million Secured Notes Offering and Concurrent Debt Tender Offer
22 Oct 2010
Lisa L. Jacobs, Maura E. O'Sullivan, Laurence M. Bambino, James S. Scott Sr., Robert W. Fagiola, Jeffrey L. Salinger, Dawei (David) Ni, Christian Rudloff, Matthew Gautier

Shearman & Sterling represented Goldman, Sachs & Co., Oppenheimer & Co. Inc. and Sterne, Agee & Leach, Inc. as initial purchasers in connection with Titan International, Inc.’s offering of $200 million of its 7.875% Senior Secured Notes due 2017. The proceeds from the offering were used to fund a cash tender offer to purchase any and all of Titan’s outstanding 8% Senior Unsecured Notes due 2012. Shearman & Sterling also acted as counsel to Goldman, Sachs & Co. as sole dealer manager in the tender offer.

Titan, based in Quincy, Illinois, manufactures wheels and tires for the off-highway industry.

The following Shearman & Sterling team advised on these transactions: partners Lisa Jacobs (New York-Capital Markets), Maura O’Sullivan (New York-Finance), Laurence Bambino (New York-Tax) and James Scott (New York-Capital Markets); counsel Robert Fagiola (New York-Property) and Jeffrey Salinger (New York-Property/Environmental); associates Irene Shih (New York-Capital Markets), David Ni (New York-Capital Markets), Oliver Loxley (New York-Capital Markets), Christian Rudloff (New York-Property), Amy Lewis (New York-Tax), and Matthew Gautier (New York-Finance); international associate Marcus Valverde (New York-Capital Markets); and legal assistant Kristi Anne Nadvornik (New York-Capital Markets).