Titan restructures credit line

QUINCY, Ill. (Dec. 28)—Titan International Inc. said it has restructured its former $115 million credit line, replacing it with a $119 million financing package composed of a $99 million, five-year term loan in which General Electric Capital Corp. serves as the agent for a group of lenders, plus a $20-million, five-year revolving credit line with LaSalle Bank N.A. Maurice Taylor Jr., Titan president and CEO, said the new arrangement in conjunction with the recent settlement of 3½-year-long labor disputes with the United Steelworkers of America will enhance the company´s ability to concentrate on its off-highway wheel, tire and assembly business.