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An announcement from Terex ( (TEX) ) is now available.
Terex Corporation has priced its $750 million private offering of 6.250% senior notes due 2032, with the offering expected to close by October 8, 2024. Concurrently, Terex is amending its credit agreement to expand its credit facilities and create a new term loan, aiming to fund an acquisition and manage related costs. The notes will be sold to qualified institutional buyers, and the amendment and acquisition are dependent on customary closing conditions. Investors should note that this announcement contains forward-looking statements subject to various risks and uncertainties.
For detailed information about TEX stock, go to TipRanks’ Stock Analysis page.
