Westport, Conn.-based Terex Corp. last week announced that it completed the previously announced redemption of the $200 million principal amount of its 9 1/4% senior subordinated notes due 2011, effective Jan. 16. The total cash paid was $218.5 million, and included a call premium of 4.625 percent as set forth in the indenture for these notes plus accrued interest of $46.25 per $1,000 principal amount at the redemption date. At Sept. 30, 2006, the notes being called represented $200 million of the company's $791.7 million of debt. The 9 ¼-percent notes were originally issued Dec. 17, 2001.

The Bank of New York, trustee for the notes, acted as the paying agent for the company in connection with this redemption.

Terex Corp. is a diversified global manufacturer with 2005 revenue of $6.4 billion. Terex operates in five business segments: Terex Construction, Terex Cranes, Terex Aerial Work Platforms, Terex Materials Processing & Mining, and Terex Roadbuilding, Utility Products and Other. Terex manufactures a broad range of equipment for use in various industries, including the construction, infrastructure, quarrying, mining, shipping, transportation, refining, and utility industries.