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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) March 22, 2001
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TEREX CORPORATION
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(Exact Name of Registrant as Specified in Charter)
Delaware 1-10702 34-1531521
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
500 Post Road East, Suite 320, Westport, Connecticut 06880
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (203) 222-7170
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NOT APPLICABLE
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events.
Terex Corporation ("Terex" or "the Company") announced by press release
dated March 23, 2001 that it intends to issue $300,000,000 principal amount of
Senior Subordinated Notes Due 2011 ("Notes"). The Notes will be issued at par
with a coupon of 10.375%. The size of the offering of the Notes was increased
from a previously announced amount of $200 million. Terex intends to use the net
proceeds from the offering of the Notes to prepay a portion of its existing term
loans and for general corporate purposes.
The Company also reaffirmed its plans to increase its revolving credit
facilities maturing March 2004 from $125 million to $300 million, in order to
provide the Company with greater operating flexibility.
The Company is offering the Notes pursuant to Rule 144A promulgated under
the Securities Act of 1933, as amended (the "Act"), and the Notes will not
initially be registered under the Act. Accordingly, the Notes will not be able
to be offered or sold in the United States absent registration under the Act or
an applicable exemption from the registration requirements.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: March 23, 2001
TEREX CORPORATION
By: /s/ Eric I Cohen
Eric I Cohen
Senior Vice President
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