WESTPORT, Conn.--(BUSINESS WIRE)--Nov. 7, 2007--Terex Corporation
(NYSE: TEX) today announced that it priced $800,000,000 principal
amount of its 8% Senior Subordinated Notes due 2017. This represents
an increase of $300 million from the transaction size announced on
November 6, 2007. Terex intends to use the net proceeds from the
offering to pay down outstanding amounts under its revolving credit
facility and for general corporate purposes, including acquisitions,
capital expenditures, investments and the repurchase of its
outstanding securities.
Terex is offering and selling these Senior Subordinated Notes
under the Company's existing effective shelf registration statement
filed with the Securities and Exchange Commission in July 2007 and
amended on November 6, 2007.
Terex Corporation is a diversified global manufacturer that
operates in five business segments: Aerial Work Platforms,
Construction, Cranes, Materials Processing & Mining, and Roadbuilding,
Utility Products and Other. Terex manufactures a broad range of
equipment for use in various industries, including the construction,
infrastructure, quarrying, surface mining, shipping, transportation,
refining, and utility 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.
Copies of the prospectus and prospectus supplement may be obtained
by contacting any of the joint book-running managers at:
Credit Suisse Securities (USA) LLC
Prospectus Department
Eleven Madison Avenue
New York, NY 10010
Citi
Brooklyn Army Terminal
140 58th Street, 8th Floor
Brooklyn, N.Y. 11220
Phone: (718) 765-6732
UBS Investment Bank
Attention: Prospectus Department
299 Park Avenue
New York, New York 10171
Phone: (212) 821-3000
CONTACT: Media:
Mike Bazinet, 203-222-6113
Director, Global Communications
mbazinet@terex.com
OR
Investors:
Tom Gelston, 203-222-5943
Director, Investor Relations
tgelston@terex.com
SOURCE: Terex Corporation