Terex Corp. said this week that it is seeking about $300 million in new financing. The company intends to offer, subject to market and other conditions, $300 million in senior unsecured notes. Terex intends to use the net proceeds of the offering for general corporate purposes and in conjunction with the domination and integration process of Demag Cranes AG.
Terex plans to offer and sell the securities under its existing shelf registration statement filed with the Securities and Exchange Commission in November 2010 and amended in April 2011.
Terex is based in Westport, Conn.