WESTPORT, Conn.--(BUSINESS WIRE)--
Terex Corporation (“Terex” or the “Company”) (NYSE: TEX) today announced
that Terex International Financial Services Corporation, a subsidiary of
the Company, intends to offer, subject to market and other conditions,
Euro denominated senior notes maturing in May 2021. Together with
another financing transaction announced today by the Company, Terex
intends to raise approximately $850 million and to repurchase its
outstanding 8% senior subordinated notes. This news release does not
constitute a notice of redemption or an obligation to issue a notice of
redemption.
The Euro denominated senior notes will be offered and sold outside the
United States pursuant to Regulation S under the U.S. Securities Act of
1933, as amended (the “Act”) and to qualified institutional buyers in
the United States pursuant to Rule 144A . The notes have not been, and
will not be, registered under the Act, or any state securities laws, and
may not be offered or sold in the United States absent registration or
an applicable exemption from the registration requirements of the Act
and the rules promulgated thereunder.
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, county or jurisdiction in which such offer, solicitation, or sale
would be unlawful prior to registration or qualification under the
securities laws of such state, county or jurisdiction.
This press release contains forward-looking information based on the
current expectations of Terex. Because forward-looking statements
involve risks and uncertainties, actual results could differ materially.
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 press release. Terex
expressly disclaims any obligation or undertaking to release publicly
any updates or revisions to any forward-looking statement included in
this press 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.
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.
