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).