Terex Corp. has completed its previously announced redemption of the approximately $120 million principal amount of its 8-percent senior notes due 2017, which remained outstanding. The total cash paid was $125.8 million and included a call premium as set forth in the indenture of 4 percent plus accrued and unpaid interest of $9.111 per $1,000 principal amount at the redemption date. These notes were originally issued in November 2007.
As previously disclosed on Nov. 26, 2012, approximately $680 million in aggregate principal amount of the notes were validly tendered and accepted for purchase by the company.
HSBC Bank USA, National Association, trustee for the notes, acted as the paying agent for the company in connection with this redemption.
Terex Corp. is a diversified global manufacturer reporting in five business segments: Aerial Work Platforms, Construction, Cranes, Material Handling & Port Solutions and Materials Processing.
