Terex gets waiver from loan lenders through May 31 regarding financial filing delay

By Sara Rosenberg

New York, March 16 - Terex Corp. received a waiver from its senior bank lending group giving the company until May 31 to provide financial information for the year ended Dec. 31, 2004, according to a company news release.

The company is delaying filing of its 10-K for 2004 with the Securities and Exchange Commission because of an internal accounting review.

As was previously announced, Terex is working to restate its financial statements for 2000, 2001, 2002 and 2003 and complete the audit of its financial statements for 2004.

The company said it believes that it is nearing conclusion of its internal review and independent audit.

Terex is a Westport, Conn.-based manufacturer of equipment for the construction, infrastructure and surface mining industries.

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