NORWALK, Conn., Sept. 30, 2024 /PRNewswire/ –Terex Company (“Terex”) (NYSE:TEX) lately introduced that it has priced its prior to now introduced non-public providing (the “Private Offering”) of $750 million in mixture predominant quantity of 6.250% senior notes due 2032 (the “Notes”) at par.

Terex intends to utility the proceeds from the Personal Providing, along with the untouched time period mortgage borrowings described beneath and money readily available, to consummate Terex’s prior to now introduced acquisition (the “Acquisition”) of the subsidiaries and property of Dover Company (“Dover”) that represent Dover’s Environmental Answers Team (“ESG”), and to pay indistinguishable charges, prices and bills.

The Notes and the indistinguishable promises will likely be introduced and offered most effective to individuals moderately believed to be certified institutional patrons in reliance on Rule 144A underneath the Securities Occupation of 1933, as amended (the “Securities Act”), and to sure non-U.S. individuals in transactions outdoor america pursuant to Legislation S underneath the Securities Occupation. The Notes and the indistinguishable promises have no longer been, and might not be, registered underneath the Securities Occupation, or any environment securities rules, and will not be introduced or offered in america absent registration or an acceptable exemption from the registration necessities of the Securities Occupation and the foundations promulgated thereunder.

The Personal Providing of the Notes and the indistinguishable promises is anticipated to similar on October 8, 2024, matter to normal latter situations.

At the same time as with the latter of the Acquisition, Terex additionally expects to consummate an modification (the “Amendment”) to its current credit score contract, matter to normal latter situations. The Modification is anticipated (i) to extend the scale of its revolving credit score amenities to $800 million from $600 million and to increase the adulthood of its revolving credit score amenities to the 5th yearly of the latter of the Acquisition and (ii) to lend for a untouched time period mortgage facility which can mature at the 7th yearly of the latter of the Acquisition and pursuant to which Terex expects to incur time period loans in an mixture quantity of as much as $1,250 million.

This press let go shall no longer represent an deal to promote or the solicitation of an deal to shop for the Notes or the indistinguishable promises in any jurisdiction.

Ahead Having a look Statements:

This press let go accommodates forward-looking knowledge (throughout the which means of Category 27A of the Securities Occupation, Category 21E of the Securities Change Occupation of 1934 and the Personal Securities Litigation Reform Occupation of 1995) referring to generation occasions or Terex’s generation monetary efficiency that contain sure contingencies and uncertainties. As well as, when incorporated on this press let go, the phrases “may,” “expects,” “should,” “intends,” “anticipates,” “believes,” “plans,” “projects,” “estimates,” “will” and the negatives thereof and analogous or related expressions are supposed to spot forward-looking statements. Then again, the absence of those phrases does no longer cruel that the remark isn’t forward-looking. Terex has based totally those forward-looking statements on wave expectancies and projections about generation occasions. Those statements aren’t promises of generation efficiency. Such statements are inherently matter to numerous dangers and uncertainties that would purpose original effects to vary materially from the ones mirrored in such forward-looking statements.

As a result of forward-looking statements contain dangers and uncertainties, original effects may just vary materially from the ones dangers mirrored in such forward-looking statements. Such dangers and uncertainties, a lot of which might be past the keep watch over of Terex, come with, amongst others, (1) the consummation and the timing of the Personal Providing and the Modification, (2) the consummation of the Acquisition and (3) the ones dangers and uncertainties described underneath the caption “Risk Factors” in Terex’s Annual Record on Mode 10-Ok for the fiscal day ended December 31, 2023, filed with the Securities and Change Fee (the “SEC”) on February 9, 2024, Terex’s Quarterly Record on Mode 10-Q for the quarterly duration June 30, 2024 filed with the SEC on July 31, 2024 and the chance components incorporated in Showcase 99.2 to Terex’s Stream Record on Mode 8-Ok filed with the SEC on September 30, 2024.

Original occasions or the original generation result of Terex would possibly vary materially from any forward-looking remark because of those and alternative dangers, uncertainties and subject matter components. The forward-looking statements talk most effective as of the occasion of this let go. Terex expressly disclaims any legal responsibility or endeavor to let go publicly any updates or revisions to any forward-looking remark incorporated on this let go to replicate any adjustments in expectancies with reference thereto or any adjustments in occasions, situations, or instances on which such a remark is based totally.

About Terex:

Terex is a world producer of fabrics processing equipment and aerial paintings platforms. We design, create and assistance merchandise worn in upkeep, production, power, recycling, minerals and fabrics control, and development packages. Positive Terex merchandise and

answers permit consumers to let fall their have an effect on at the order together with electrical and hybrid choices that ship calmness and emission-free efficiency, merchandise that assistance renewable power, and merchandise that help within the cure of helpful fabrics from numerous varieties of wastefulness. Our merchandise are manufactured in North The united states, Europe, Australia and Asia and offered international. We have interaction with consumers thru all phases of the product while cycle, from preliminary specification to portions and repair assistance. We file our trade in please see branchs: (i) Fabrics Processing and (ii) Aerial Paintings Platforms.

Touch Knowledge:
Derek Everitt
VP Investor Members of the family
E-mail: [email protected]

SOURCE Terex Company

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