debt
confidence high
sentiment positive
materiality 0.55
Titan International increases domestic credit facility to $125M and extends maturity to 2026
TITAN INTERNATIONAL INC
- Revolving credit facility increased from $100M to $125M, based on eligible receivables and inventory.
- New maturity date of October 28, 2026, providing five-year term.
- Accordion provision allows expansion by up to $50M additional.
- Terms substantially similar to prior agreement; enhancements to borrowing base availability.
- CFO cites flexibility to support business dynamics and anticipated growth in 2022 and beyond.