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Terex to Purchase Outstanding Notes

Terex Corp. wants to raise approximately $850 million through an offering of U.S. dollar-denominated senior notes maturing in May 202.

November 08, 2012

Terex Corp. wants to raise approximately $850 million through an offering of U.S. dollar-denominated senior notes maturing in May 2021 and an offering of Euro-denominated senior notes also maturing in May 2012.

The net proceeds of the offering, together with other funds, will be used to finance the purchase of the company’s outstanding 8-percent senior subordinated notes due 2017. Terex intends to use any remaining proceeds for general corporate purposes.

Source: Terex Corp.

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