Terex Corporation announced that it intends to offer, subject to market and other conditions, $550 million in aggregate principal amount of senior notes due 2025 in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended. The net proceeds of the private offering together with cash on hand, including cash from the sale of Material Handling & Port Solutions segment to Konecranes Plc, will be used: (i) to complete the tender offer (the tender offer) for up to $550 million of 6.00% senior notes due 2021, (ii) to redeem and discharge such portion of the 2021 Notes subject to the tender offer that are not purchased in the tender offer, (iii) to fund the $300 million partial redemption of the 2021 notes on February 3, 2017, (iv) to fund the anticipated redemption, repurchase or other retirement of all $300 million aggregate principal amount outstanding of 6.50% senior notes due 2020 on or before April 3, 2017, (v) to pay related premiums, fees, discounts and expenses and (vi) for general corporate purposes. The notes will be offered and sold to qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act and outside the United States pursuant to Regulation S under the Securities Act. The notes have not been, and will not be, registered under the Securities Act, or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and the rules promulgated thereunder.
Terex Corporation is focused on manufacturing of materials processing machinery and aerial work platforms. The Company designs, builds and supports products used in maintenance, manufacturing, energy, recycling, minerals and materials management, and construction applications. The Companyâs segments include Materials Processing (MP) and Aerial Work Platforms (AWP). The MP segment designs, manufactures, services and markets materials processing and specialty equipment, including crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and their related components and replacement parts. The AWP segment designs, manufactures, services and markets aerial work platform equipment, utility equipment and telehandlers. It markets aerial work platform products principally under the Terex and Genie brand names.
TEREX CORPORATION 
