Terex Seeks $1.25B Term Loan and $750M Senior Notes Offering for Dover Unit Purchase
Portfolio Pulse from Benzinga Newsdesk
Terex Corporation plans to raise $1.25 billion through a term loan and $750 million via senior notes to fund its acquisition of Dover Corporation's Environmental Solutions Group. The company is also amending its credit agreement to increase its revolving credit facilities.
September 30, 2024 | 11:28 am
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Terex is raising $2 billion through a term loan and senior notes to fund its acquisition of Dover's Environmental Solutions Group. This move could impact Terex's financial structure and leverage.
The acquisition of Dover's ESG is a significant move for Terex, potentially expanding its market reach and product offerings. The financing through loans and notes indicates a strategic investment, which could positively impact Terex's growth prospects. However, it also increases financial leverage, which investors should monitor.
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