NORWALK, Conn., April 1, 2021 /PRNewswire/ -- Terex
Corporation ("Terex") (NYSE: TEX) today announced that it has
completed the issuance of $600,000,000 in aggregate principal amount of
5.00% senior notes due 2029 (the "Notes") in a private offering
that is exempt from the registration requirements of the Securities
Act of 1933, as amended.
Pursuant to a previously announced notice of redemption, Terex
intends to use the proceeds from the offering of the Notes,
together with cash on hand, to redeem its 5.625% senior notes due
2025 (the "2025 Notes") on April 5,
2021 at a redemption price equal to 102.813% of the
aggregate principal amount thereof, plus accrued and unpaid
interest to the date of redemption.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the Notes or the related guarantees
in any jurisdiction, or an offer to purchase, the solicitation of
an offer to sell, or a notice to redeem any of the 2025 Notes.
Forward Looking Statements
This press release contains
forward-looking information regarding future events or Terex's
future financial performance based on the current expectations of
Terex. In addition, when included in this press release, the words
"may," "expects," "intends," "anticipates," "plans," "projects,"
"estimates" and the negatives thereof and analogous or similar
expressions are intended to identify forward-looking statements.
However, the absence of these words does not mean that the
statement is not forward-looking. Terex has based these
forward-looking statements on current expectations and projections
about future events. These statements are not guarantees of future
performance.
Actual events or the actual future results of Terex may differ
materially from any forward-looking statement due to these and
other risks, uncertainties and significant factors. The
forward-looking statements speak only as of the date of this
release. Terex expressly disclaims any obligation or undertaking to
release publicly any updates or revisions to any forward-looking
statement included in this release to reflect any changes in
expectations with regard thereto or any changes in events,
conditions, or circumstances on which any such statement is
based.
About Terex
Terex Corporation is a global manufacturer
of aerial work platforms and materials processing machinery. Terex
designs, builds, and supports products used in construction,
maintenance, manufacturing, energy, minerals and materials
management applications. Terex's products are manufactured in North
and South America, Europe, Australia, and Asia and sold worldwide. Terex engages with
customers through all stages of the product life cycle, from
initial specification and financing to parts and service
support.
Contact Information
Terex Corporation
Randy Wilson
Director, Investor Relations
203-221-5415
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SOURCE Terex Corporation