Terex to fully redeem 5 5/8% senior notes due 2025 via new 2029 notes

By Taylor Fox

New York, March 18 – Terex Corp. plans to redeem in full its 5 5/8% senior notes due 2025 using proceeds from its offering of $600 million senior notes due 2029, according to a news release.

The proceeds from the new notes will also be used to refinance outstanding indebtedness under the company’s senior secured credit facilities and pay related premiums, fees, discounts and expenses.

Terex is a Westport, Conn.-based lifting and material handling solutions company.

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