{"schema_version":"secwatch.filing_event.v1","accession":"0000899751-24-000016","form_type":"8-K","ticker":"TWI","cik":"0000899751","company_name":"TITAN INTERNATIONAL INC","filed_at":"2024-02-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.228492+00:00","generated_at":"2026-06-05T07:45:00.818863+00:00","sec_items":["1.01","1.02","2.01","2.03","3.02","5.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.95,"calibrated_materiality_score":0.95,"confidence":"high","headline":"Titan International acquires Carlstar for ~$296M in cash and stock","bullets":["Acquired Carlstar for ~$296.2M: $127.5M cash + 11.9M shares of TWI stock (~$168.7M at $14.43/share).","Sellers now own ~16.4% of Titan's outstanding common stock post-closing.","Entered $225M revolving credit facility with Bank of America, replacing prior $125M facility; matures 2029.","Appointed Kim Marvin (AIP Senior Managing Member) to Board, increasing size to nine members.","Transaction costs ~$7M; financial statements to be filed by amendment within 71 days."],"urls":{"canonical":"https://secwatch.observer/filing/0000899751-24-000016","json":"https://secwatch.observer/filing/0000899751-24-000016.json","markdown":"https://secwatch.observer/filing/0000899751-24-000016.md","text":"https://secwatch.observer/filing/0000899751-24-000016.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/899751/000089975124000016/0000899751-24-000016-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/899751/000089975124000016/twi-20240229.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T07:45:00.818863+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"900b07c92332c69d293e688f433b8b7012b2234f","claim":"TITAN INTERNATIONAL INC incurred revolving credit of $225 million revolving credit facility with Bank of America, N.A. at not specified maturing not specified.","evidence_excerpt":"On February 29, 2024, the Company and certain of its subsidiaries entered into a credit and security agreement with respect to a $225 million revolving credit facility (the “ Credit Facility ”) with Bank of America, N.A., as agent and a lender, and other financial institutions party thereto.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/899751/000089975124000016/0000899751-24-000016-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$225 million revolving credit facility"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Rate","value":"not specified"},{"label":"Maturity","value":"not specified"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"fa9cd08a1d","claim":"Kim Marvin was appointed as Director at TITAN INTERNATIONAL INC.","evidence_excerpt":"The Company has appointed Kim Marvin to the Board, effective as of February 29, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/899751/000089975124000016/0000899751-24-000016-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"a1c5724d168e49789944a1490015a5566be22594","claim":"TITAN INTERNATIONAL INC completed an acquisition involving The Carlstar Group, LLC for approximately $127.5 million cash and $168.7 million of Titan common stock (11,921,766 shares based on a volume-weighted average share price of $14.43 per share (closed 2024-02-29).","evidence_excerpt":"which Holdings acquired all of the equity interest of Carlstar (the “ Transaction ”) for a total purchase price of approximately $296.2 million, consisting of approximately $127.5 million of cash (the “ Cash Consideration ”) and $168.7 million of the Company’s common stock (11,921,766 shares based on a volume-weighted average share price of $14.43 per share) (the","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/899751/000089975124000016/0000899751-24-000016-index.htm","confidence":1.0,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"The Carlstar Group, LLC"},{"label":"Consideration","value":"approximately $127.5 million cash and $168.7 million of Titan common stock (11,921,766 shares based on a volume-weighted average share price of $14.43 per share"},{"label":"Closing","value":"2024-02-29"}],"fact_type":"ma_transaction"},{"claim_id":"3ce0102ee95a086e3c7879ee6970f37b0a61494f","claim":"TITAN INTERNATIONAL INC entered into Membership Interest Purchase Agreement with Carlstar Intermediate Holdings I, LLC, AIPCF V Feeder (Cayman), LP, AIPCF V Feeder CTP Tire, LLC, The Carlstar Group, LLC valued at approximately $296.2 million (effective 2024-02-29).","evidence_excerpt":"On February 29, 2024, Titan International, Inc., a Delaware corporation (the “ Company ”) entered into a Membership Interest Purchase Agreement","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/899751/000089975124000016/0000899751-24-000016-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Carlstar Intermediate Holdings I, LLC, AIPCF V Feeder (Cayman), LP, AIPCF V Feeder CTP Tire, LLC, The Carlstar Group, LLC"},{"label":"Value","value":"approximately $296.2 million"},{"label":"Effective","value":"2024-02-29"}],"fact_type":"material_agreement"},{"claim_id":"fab2a8eaa108b75529bca8530faaf56d3a9fc485","claim":"TITAN INTERNATIONAL INC entered into Credit Agreement with Bank of America, N.A., as agent and a lender, and other financial institutions valued at $225 million revolving credit facility (effective 2024-02-29).","evidence_excerpt":"On February 29, 2024, the Company and certain of its subsidiaries entered into a credit and security agreement with respect to a $225 million revolving credit facility","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/899751/000089975124000016/0000899751-24-000016-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A., as agent and a lender, and other financial institutions"},{"label":"Value","value":"$225 million revolving credit facility"},{"label":"Effective","value":"2024-02-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}