WESTPORT, Conn.--(BUSINESS WIRE)--Dec. 26, 2012--
Terex Corporation (NYSE: TEX) today announced that it has completed its
previously announced redemption of the approximately $120 million
principal amount of its 8% Senior Notes due 2017 which remained
outstanding. The total cash paid was $125.8 million, and included a call
premium as set forth in the indenture of 4.00% plus accrued and unpaid
interest of $9.111 per $1,000 principal amount at the redemption date.
These notes were originally issued in November 2007.
As previously disclosed, on November 26, 2012, approximately $680
million in aggregate principal amount of the Notes were validly tendered
and accepted for purchase by the Company.
HSBC Bank USA, National Association, trustee for the Notes, acted as the
paying agent for the Company in connection with this redemption.
Terex Corporation is a diversified global manufacturer reporting in five
business segments: Aerial Work Platforms, Construction, Cranes, Material
Handling & Port Solutions and Materials Processing. Terex manufactures a
broad range of equipment for use in various industries, including the
construction, infrastructure, quarrying, manufacturing, mining,
shipping, transportation, refining, energy and utility industries. Terex
offers financial products and services to assist in the acquisition of
Terex equipment through Terex Financial Services. Terex uses its website
to make information available to its investors and the market.
Source: Terex Corporation
Terex Corporation
Tom Gelston, 203-222-5943
Vice President,
Investor Relations
thomas.gelston@terex.com