Terex Corp. has completed its previously announced redemption of the $297.6 million principal amount outstanding of its 7 3/8-percent senior subordinated notes due 2014. The total cash paid was $312.3 million.
The redemption of these notes brings the total amount of debt repaid since September 30, to about $570 million of the company’s indebtedness at the end of the third quarter of about $1.973 billion.
Terex Corp. is based in Westport. Conn.