Terex Prices Private Offering Of $750M Of 6.250% Senior Notes Due 2032 At Par
Portfolio Pulse from Benzinga Newsdesk
Terex Corporation has announced the pricing of a private offering of $750 million in 6.250% senior notes due in 2032 at par. This move is part of the company's strategy to manage its debt and financial structure.
September 30, 2024 | 9:24 pm
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Terex Corporation has priced a private offering of $750 million in 6.250% senior notes due 2032 at par. This is a strategic move to manage its debt and financial structure.
The issuance of senior notes is a common financial strategy to manage debt. While it increases the company's debt load, the fixed interest rate and long maturity can provide stability. The market may view this as a neutral event unless further details on the use of proceeds are disclosed.
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