Terex Corporation (NYSE: TEX) today announced that it intends to offer, subject to market and other conditions, U.S. Dollar denominated senior notes maturing in May 2021. Terex intends to raise approximately $850 million from two separate financing transactions. The net proceeds of the U.S. Dollar denominated offering together with other funds will be used to finance the purchase of the Company’s outstanding 8% senior subordinated notes due 2017. The Company intends to use any remaining proceeds for general corporate purposes. This news release does not constitute a notice of redemption or an obligation to issue a notice of redemption.
Terex intends to offer and sell the U.S. Dollar denominated senior notes under the Company's shelf registration statement filed with the Securities and Exchange Commission on November 2, 2012.
When available, copies of the prospectus supplement and accompanying base prospectus related to this offering may be obtained from: Credit Suisse, Attention: Prospectus Department, One Madison Avenue, Floor 1B, New York, NY 10010, Newyork.firstname.lastname@example.org, 800-221-1037; Goldman, Sachs & Co., DG3 / Diversified Global Graphics Group, 100 Burma Road, Jersey City, NJ 07305, Attention: Prospectus Department, 212-902-1171; RBS Securities Inc., Attention: High Yield Debt Capital Markets Syndicate, 600 Washington Boulevard, Stamford, CT 06901, 866-884-2071; and UBS Securities LLC, Attention: Prospectus Specialist, 299 Park Avenue, New York, NY 10171, 877-827-6444, ext. 561 3884
Credit Suisse, Goldman, Sachs and Co., RBS and UBS Investment Bank will act as the joint book-running managers of the offering.This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities of Terex Corporation or its subsidiaries, nor shall there be any sale of such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
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