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Quotes & Info
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| TEX > SEC Filings for TEX > Form 8-K on 29-May-2009 | All Recent SEC Filings |
29-May-2009
Other Events
Terex Corporation (the "Company") issued a press release on May 29, 2009, announcing that it priced approximately $600 million in new financing, not including underwriting discounts and commissions or other offering expenses. Details of the previously announced public offerings are:
• $300 million principal amount of 10.875% Senior Notes due 2016 at an issue price of 97.633%.
• 11 million shares of the Company's common stock, priced at $13.00 per share to the public. The Company has granted the underwriters an option to purchase up to an additional 1.65 million shares of the Company's common stock to cover any over-allotments.
• $150 million principal amount of 4.00% Convertible Senior Subordinated Notes due 2015. The Company has granted the underwriters an option to purchase up to an additional $22.5 million principal amount of Convertible Notes to cover any over-allotments.
Assuming no exercise of the underwriters' over-allotment options, the Company expects to receive net proceeds from these offerings of approximately $570 million after deducting underwriting discounts and commissions, but before other offering expenses.
A copy of this press release is included as Exhibit 99.1 to this Form 8-K.
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