Terex to launch $200 million incremental term loan B-1 on Thursday

By Sara Rosenberg

New York, Feb. 27 – Terex Corp. is scheduled to hold a lender call at 10 a.m. ET on Thursday to launch a non-fungible $200 million incremental first-lien term loan B-1 due Jan. 31, 2024, according to a market source.

Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., Morgan Stanley Senior Funding Inc., Credit Agricole, Commerzbank and Barclays are the lead arrangers on the deal.

The term loan has 101 soft call protection for six months, the source said.

Commitments are due at noon ET on March 6.

Proceeds will be used to repay revolving credit facility borrowings.

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

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