Terex to Redeem $300 Million of 10-7/8% Senior Notes Due 2016
Terex Corporation (NYSE: TEX) today announced that it will redeem all of the outstanding $300 million 10-7/8% Senior Notes due 2016, effective September 28, 2012.
As set forth in the indenture for the Notes, Terex will pay holders the principal amount, a premium to be calculated under the make-whole provisions of the indenture, plus accrued interest of $35.34 per $1,000 principal amount at the redemption date. The Notes were issued in May 2009
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