TITAN BONDS UP 21% After 6th Amendment

***May 12,2015 Titan Machinery President to Step Down and Resign as Director

n Machinery Announces Management Chang

Titan Machinery (NASDAQ: TITN) $150 million convertible note (Feb. 2019) traded at an all time low on March 13,2015 @ $66.50 yielding 14.88% as the company's fundamentals have deteriorated in recent years.

• In March the company announced that they expected to be in non compliance of the covenants in the $150 million convertible note with Wells Fargo. The company said the terms of the note require the Company to earn a minimum net income for the FY2015 period that ended as of January 31,2015.

On April 15,2015 Titan Machinery filed their 10K annual report with the Securities and Exchange Commission and included a new Footnote: SIXTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT .

Titan's Bonds have since jumped 21% and closed yesterday above $80.

ATTACHED Is the Original Convertible Note with All 6 Amendments Added in Different Colored Fonts. (282 of Pages of NOTES/DELETIONS/Replacements) Good Luck Figuring it out)

SEC NEEDS TO MAKE BOND DISCLOSURE INVESTOR FRIENDLY. 
Investors shouldn't need a Philadelphia Lawyer to Figure Out the Terms of this Note.