WESTPORT, Conn., May 17, 2004 (BUSINESS WIRE) -- Terex Corporation
(NYSE: TEX) today announced that it has extended the expiration date
of the exchange offer relating to its $300 million aggregate principal
amount of 7 3/8% Senior Subordinated Notes due 2014 which were
originally issued on November 25, 2003 in a private offering. In the
exchange offer, Terex Corporation is offering to exchange up to $300
million of new notes which will be substantially identical to the
outstanding notes except that the new notes will be registered under
the Securities Act of 1933. As a result of the extension, the exchange
offer will expire at 5:00 p.m., EDT, on May 18, 2004, one day later
than the originally-scheduled expiration date. As of 5:00 p.m., EDT,
Monday, May 17, 2004, holders of approximately $299 million in
aggregate principal amount of the unregistered 7 3/8% Senior
Subordinated Notes due 2014 had tendered for exchange.
Terex Corporation is a diversified global manufacturer with 2003
revenues of $3.9 billion. The Company operates in five business
segments: Terex Construction, Terex Cranes, Terex Aerial Work
Platforms, Terex Mining, and Terex Roadbuilding, Utility Products and
Other. Terex manufactures a broad range of equipment for use in
various industries, including the construction, infrastructure,
quarrying, recycling, surface mining, shipping, transportation,
refining, utility and maintenance industries. Terex offers a complete
line of financial products and services to assist in the acquisition
of Terex equipment through Terex Financial Services. More information
on Terex can be found at www.terex.com.
SOURCE: Terex Corporation
Terex Corporation
Tom Gelston, 203-222-5943
Fax: 203-222-7976
www.terex.com