Terex Corp Files 8-K for Material Definitive Agreement

TL;DR

Terex signed a big deal, filing an 8-K on Aug 7th. Details TBD.

AI Summary

Terex Corporation entered into a material definitive agreement on August 2, 2024. The company, headquartered in Norwalk, Connecticut, filed its 8-K report on August 7, 2024, detailing this agreement. No specific financial figures or counter-parties were disclosed in the provided text.

Why It Matters

This filing indicates a significant new contract or partnership for Terex Corporation, which could impact its future business operations and financial performance.

Risk Assessment

Risk Level: medium — The filing itself is routine, but the lack of detail about the material definitive agreement introduces uncertainty about its potential impact.

Key Players & Entities

• TEREX CORP (company) — Registrant
• August 2, 2024 (date) — Date of earliest event reported
• August 7, 2024 (date) — Filing date
• Norwalk, Connecticut (location) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock ($0.01 par value) TEX New York Stock Exchange
• $1,545 million — an aggregate principal amount of up to $1,545 million (the "Original Commitment") in connecti
• $800 million — n commitments in an aggregate amount of $800 million (an increase from the current level of
• $600 million — (an increase from the current level of $600 million) which new revolving credit facility wi

Filing Documents

• tex-20240802.htm (8-K) — 26KB
• 0000097216-24-000140.txt ( ) — 146KB
• tex-20240802.xsd (EX-101.SCH) — 2KB
• tex-20240802_lab.xml (EX-101.LAB) — 21KB
• tex-20240802_pre.xml (EX-101.PRE) — 12KB
• tex-20240802_htm.xml (XML) — 3KB

01. Entry Into a Material Definitive Agreement

Item 1.01. Entry Into a Material Definitive Agreement. As previously disclosed, on July 21, 2024, Terex Corporation ("Terex" or the "Company") entered into a Commitment Letter (the "Original Commitment Letter") with UBS Securities LLC ("UBS Securities") and UBS AG, Stamford Branch ("UBS AG" and, together with UBS Securities and their respective affiliates, "UBS") in which UBS committed to provide Terex with an aggregate principal amount of up to $1,545 million (the "Original Commitment") in connection with the Company's agreement to acquire the subsidiaries of Dover that own and operate Dover's Environmental Solutions Group (the "Transaction"). The Transaction, which is subject to regulatory clearance and other customary closing conditions, is targeted to close in the second half of 2024. On August 2, 2024 the Company, UBS, Bank of America, N.A., BofA Securities, Inc., Barclays Bank PLC, JPMorgan Chase Bank, N.A., BNP PARIBAS, BNP Paribas Securities Corp., HSBC Bank USA, National Association, HSBC Securities (USA) Inc., HSBC UK Bank PLC, Mizhuho Bank, Ltd. and Santander Bank, N.A. entered into an Amended and Restated Commitment Letter that amended and restated the Original Commitment Letter in its entirety and, among other things, provides the Company with (i) the Original Commitment and (ii) senior secured incremental revolving loan commitments in an aggregate amount of $800 million (an increase from the current level of $600 million) which new revolving credit facility will replace the existing revolving credit facility at the closing of the Transaction and will terminate on the fifth anniversary of the closing of the Transaction.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

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: August 7, 2024 TEREX CORPORATION By: /s/Scott J. Posner Scott J. Posner Senior Vice President General Counsel and Secretary - 2 -

View Full Filing

View this 8-K filing on SEC EDGAR