Terex Corporation prices $750 million senior notes offering in September 2024

On September 30, 2024, Terex Corporation, based in the United States, announced the pricing of a private offering of $750 million in senior notes due in 2032. The proceeds from this offering will be utilized to finance the acquisition of Dover Corporation's Environmental Solutions Group, which is part of a strategic move to enhance Terex's operational capabilities. The offering is set to close on October 8, 2024, pending customary conditions. The notes will be sold to qualified institutional buyers and certain non-U.S. persons, adhering to specific regulations under the Securities Act. Additionally, Terex plans to increase its revolving credit facilities and establish a new term loan facility to support this acquisition. This financial maneuver is part of Terex's broader strategy to strengthen its market position and expand its product offerings in the environmental solutions sector. However, the company has acknowledged potential risks and uncertainties that could affect the successful completion of the offering and acquisition, as outlined in their recent filings with the SEC. These forward-looking statements highlight the company's cautious approach to navigating the complexities of the financial markets and the acquisition process.