Terex Corporation Announces $300M Pricing of Capital Markets Transaction

Terex Corporation

today announced that it priced $300 million in new financing, not including underwriting discounts and commissions or other offering expenses. The $300 million principal amount of Senior Unsecured Notes due 2020 priced at 6.5% at an issue price of 100%. The public offerings are expected to close on March 27, 2012, subject to customary closing conditions. The company intends to use the net proceeds of this offering for general corporate purposes and in conjunction with the domination and integration process of Demag Cranes AG. Terex intends to offer and sell these securities under the Company's existing shelf registration statement filed with the Securities and Exchange Commission in November 2010 and amended on April 8, 2011.