Terex Corp. last week completed its previously announced offers to purchase, at par, its 10-7/8-percent senior notes due 2016 and 7-3/8-percent senior subordinated notes due 2014.
Pursuant to the terms of the offers to purchase, both offers expired on Nov. 3. Based on final information provided to the company by HSBC Bank USA, the depositary for the offers, $60,000 in aggregate principal amount of the 10-7/8-percent senior notes and $2.36 million in aggregate principal amount of the 7-3/8-percent senior subordinated notes were validly surrendered and accepted for purchase by the company. Holders who validly surrendered their notes will receive 100 percent of the principal amount of such notes plus accrued and unpaid interest thereon up to but not including the date of payment.
Headquartered in Westport, Conn., Terex Corp. is a diversified global manufacturer operating in four business segments: Aerial Work Platforms, Construction, Cranes, and Materials Processing.
