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Titan International to repay some revolver debt with bond proceeds
By Sara Rosenberg and Paul A. Harris
New York, Dec. 13 - Titan International Inc. plans on repaying some borrowings under its revolving credit facility using a portion of the proceeds from a proposed $200 million senior notes offering, according to a market source.
Remaining proceeds from the offering will be used to repay industrial revenue bonds and other debt, and for general corporate purposes.
Titan is a Quincy, Ill.-based parts supplier for agricultural and construction vehicles.
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